Featured Project: Burke Dale Housing Development
Named for noted Mooresville and Cascade resident and sculptress Selma Burke, Burke Dale is a 24-lot in-fill subdivision in the historic Cascade mill village. Undertaken jointly by the Town of Mooresville and the non-profit Community Housing Development Corporation of Mooresville/South Iredell (called the CHDO) to develop workforce housing (home price will be in the very low $100,000). Homeownership opportunities are a primary objective of the Cascade Redevelopment Area.
For Burke Dale, the Town purchased the 8 acres site and will install the infrastructure while the CHDO will construct the single-family frame houses. The subdivision is layed-out on a one-way loop road with a park in the center. The houses will be 20’ from the sidewalks, similar to the existing mill village. The housing style will be “retro” mill houses ranging in size from 1100-1400 sq.ft. All utilities will be underground including “fiber to the curb” data cable.
Total project is estimated at $2.5 million. Funding for Burke Dale includes HOME and CDBG funds, Town funds, and conventional mortgage funds. All initial homeowner must be low-moderate income (LMI) households, meaning that their total annual household income may not exceed 80% of the median income for Iredell County based on family size. There are deed restrictions on the lots for 20 years of affordability.
COG personnel floated the idea to develop a work-forced housing subdivision based on a plan that COG wrote (Cascade Redevelopment Plan 2005); wrote the necessary grant applications (CDBG-Housing Development and HOME); now providing project management (handle the construction details).