D'Iberville Breaks Ground On First New Subdivision Since Katrina - WLOX.com - The News for South Mississippi

D'Iberville Breaks Ground On First New Subdivision Since Katrina

City officials, realtors, bankers and developers have broken ground on D'Iberville's newest subdivision, River Trace. The subdivision will have 400 homes on 190 acres between Lamey Bridge Road and the Tchoutacabouffa River. The city says it couldn't be happier now that new, affordable homes are moving into D'Iberville.

"We're real excited. This has been on the planning board for a little over six months now," says Mayor Rusty Quave.

The first phase includes 53 lots with plans to start building in January. With 30 lots already on reserve, the company says it plans to start clearing land next week. Developers say the homes and lots will run between $160,000 and $180,000 on the front end. But prices for riverfront homes are expecting to sell for as much as $250,000.

Now that the city's broken ground on its newest subdivision, the question still remains, what about those who say it's not affordable enough. The mayor says he has the answer in part.

"We think that this is part of the answer to affordable answer. The long-term affordable housing still needs to be looked at. We still need to look at section 8 type homes and for people who don't have anything, that doesn't have insurance, that doesn't have SBA loans. But, this will give the people who did have insurance, who did get SBA loans, and will receive a grant, an opportunity to look at an affordable house that will fit into grant applications."

Developers say the cost of labor and building materials will dictate the final price.

"Once we're able to get things and seeing what our cost is going to be, we'll probably be able to adjust the prices, whether they have to go down or go up," says Randy Bosarge, Mason Trendsetters, Inc.

Despite possible concerns over costs, the mayor anticipates these houses will sell.

"We anticipate this project to be sold out quick, so if you want to move to D'Iberville, this is an opportunity," says Mayor Quave.

Developers say they would like to donate two to three acres to the city to build a city park, boating ramps and fishing piers. They say building could wrap up within 24 to 30 months.

by Krystal Allan

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