The Wall Street Journal reports that KB Home, known for building sprawling suburbs, is taking on a different kind of project.
KB Home is preparing to "break ground on market-rate housing in West Dallas on the former site of one of the country's most notorious public-housing projects... A venture of KB and American CityVista, an urban developer partly owned by KB, is about to build 200 single-family homes that will sell for $90,000 to $110,000. Mixed in with the market rate will be 100 subsidized houses developed by Habitat for Humanity, selling for about $65,000." Editor's note: Registration is required on the WSJ site.
Thanks to ULI Newswire
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