The Cheesman Street Residences affordable housing project has broken ground with home prices to start at $385,000, half the average price of a home in Erie.
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Erie and the developer, Vertikal, will make 35 affordable housing units in the northeast corner of Cheesman Street and County Line Road. The development will offer five different housing types ranging from 900-1,500 square feet with 2- and 3-bedroom options. Reservations for the homes will start Dec. 1, with move-ins to begin in 2025.
According to a release, the median price of a home in Erie reached $800,000 in the first six months of 2022, a 17% increase from 2021.
“When young adults who have grown up in Erie, as well as library workers, teachers, firefighters, restaurant staff and others essential for a thriving local economy, cannot afford to live in Erie, it is important to take action,” said Town Manager Malcolm Fleming in the release.
More information is available at tinyurl.com/CheesmanStreetGroundbreaking.
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