The Leland Woods subdivision is celebrating the “rebirth” of the community after receiving assistance from the city of Houston. According to Mayor Annise Parker, the development almost “crashed and burned” because of the economy.
City officials confirmed this construction project began eight years ago, but builders stopped construction on the development due to the economic downturn and plummeting housing market.
“They didn’t have the resources to complete their commitment of building houses, and mortgages dried up so both sides were out of whack,” Parker said, in an interview with MyFox Houston.
Contempo Builders resumes work on Leland Woods
Since then, the city stepped in and hired Contempo Builders to resume work on Leland Woods. So far, they have developed 41 homes as part of phase one. Phases two and three will eventually develop 373 properties, and the builders work with potential buyers who qualify for a special assistance program.
“You have to have a particular income under law in order to get the $30 thousand,” Alfredo Rodriguez, Vice President of Marketing at Contempo Builders, said.
14 of the homes have been sold (or are currently in the process of being sold). Anyone can buy any of the homes in the Leland Woods subdivision, but only people with a specific income can qualify for the assistance program.
“We’re not just building homes,” Parker said. “We are building the city of Houston.”