HUD Secretary's Award for Excellence - 2007

Description: The distinctive aspect of the Roanoke and Lee Street Housing Project's application is the quality of the infill project in maximizing funding sources to subsidize the construction costs and to purchase financing; using green, sustainable building materials and systems; using Energy-Star materials and achieving Energy-Star home rating to reduce the utility consumption and impact on the environment; using water conservation and minimizing construction waste; quality of the design in the context of the existing neighborhood that targets homebuyers with incomes of less than 60 percent of the area median income (AMI).

The home was offered at $173,500, which is below the median home price of the Metropolitan Statistical Area (MSA) of $188,900. Nine of the 14 homes in the development were available at this price range. The project received a Gold Award for innovation in both technology and financing.