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Jackson News

Posted on: May 19, 2016

Mayor Tony T. Yarber Joins Developers of East Village Estates to Cut Ribbon on New Townhouses

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New life has been breathed into a neighborhood near the Jackson Medical Mall with the completion of 44-single family townhomes.

“This development represents an investment in both the City and the people of Jackson. It is a reflection of the growth and prosperity underway in Mississippi’s capital city. We will always welcome projects, such as East Villages Estates, which provide quality, affordable housing in our great city."

East Village Estates is the development located in a neighborhood just east of the Jackson Medical Mall.

Each home is 1,520 square feet and contains three bedrooms and two and a half bathrooms. Each residence includes an enclosed two-care garage.

Under the program that made the housing possible, these tax-credit lease-purchased townhomes will be rented for the first 15 years to residents who initially qualify as low-income, who will then have the opportunity to buy the homes at a $50,000 fully financed price.

The project was developed by the Jackson Medical Mall Foundation, Mid-America Development Foundation, Larry Haynes Executive Director and Roscoe Word and was implemented by Chartre Consulting Ltd. of Oxford, Miss.

"This development is another example of how affordable housing is so critical to re-developing and stabilizing communities, said Haynes. “Aside from the obvious physical improvements, we are affecting in a tremendous way the lives of families who work hard everyday to provide a better life for their children and love ones."

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