Affordable Homes Could Be Coming To Fayetteville

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

FAYETTEVILLE (KFSM) -- A new neighborhood could be coming to downtown Fayetteville, helping lower-income families afford to buy their own homes.

After six years of planning a new neighborhood, the City of Fayetteville will hear from the nonprofit Partners For Better Housing about rezoning eight acres of land close to Walker Park with the intent to build 76 new homes.

City planning director Andrew Garner said they chose the area because it's within walking distance from downtown.

He said it's not a typical low-income housing project. The intent is to have the homes be affordable. Some would be regular market-rate homes living next to income-restricted homes.

"You start seeing one new house go on a block that's a little bit older, you start to see other homes start to be fixed up, and so we've really seen that happen over recent years," Garner said. "So I think that's kind of an encouraging sign."

However, Dan Wagner, who lives in the neighborhood, said he's concerned about the traffic the 76 new houses will bring.

"This is a narrow street," Wagner said. "There's kids that play it's gonna be really hard to handle that much traffic."

Income restrictions to live in the homes, which should cost between $75,000 to $150,000, have not been outlined yet.