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~~r <br />School House Road Development <br />Project Overview <br />"There are no active developers (except for non-profits with <br />inadequate capacity to meet demand) building homes or condos <br />that are affordable to families at or below 80% of median income. <br />Homes between $165,000 to $220,000 are affordable to families <br />between 60 percent and 80 percent of .median, respectfully." <br />The School House Road Development addresses this demand. The <br />average house price is $190,000 fora 1575 sq. ft., 3-bedroom 2-bath <br />home with garage, deck and patio. <br />Twenty percent of the homes will be priced below $165,000. <br />Ten percent of homes will be priced under $160,000. <br />All homes will be built with energy efficient appliances including <br />dishwasher, range, washer and dryer. Homes will be designed with <br />special solar features to help offset energy costs. <br />Located less than 10 minutes from the Eubanks Road Park and <br />Ride in Chapel Hill, the School House. Road Development will be <br />convenient for those people who work in Chapel Hill but could not <br />previously have afforded to live in Orange County. <br />* Orange County Comprehensive Housing Strategy p.47, April 2006. <br />