(HARLAN) The city of Harlan has sold their spec house in the Dye Street subdivision.
Harlan City Administrator Terry Cox said the home sold for $98,800.
“SWIPCO had a grant process that if a City wanted to build a house of certain size and the City sold it to a low to moderate family or person, the city would then get $50,000 and we thought about if we did that then we would build another house,” said Cox.
Terry Cox said the spec house is located in the new Dye Street Housing Development area which will consist of 18 houses and 10 condos for low to moderate families or individuals.
“They already have one being rented. They have to rent them for 15 years and after 15 years they will then sell them to whoever is owning them and if you’ve lived there 15 years, part of your rent will go towards the purchase price,” said Cox. “They have five houses built now and they have another five that they are working on.”
Cox said the Foutch Brothers are in charge of the project and the homes should be done by the end of September.