12 new affordable three-bedroom townhomes in downtown Norristown, an area in need of for-sale housing and neighborhood stabilization. Progressive Housing Ventures will build three units over three units in each of two individual buildings separated by an existing home. The sites were acquired and derelict buildings demolished by the municipality; public grants will enable the homes to sell in the $125,000 range. The site is within walking distance of retail and employment centers including County Courthouse and hospital. It is less than a half-mile from the R-6 train station and just over a half-mile to the Norristown Transportation bus and train hub; SEPTA bus stops at the corner. The units will also offer parking in the rear along an existing alley. Construction is expected to start in June 2010.
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