In a recent government meeting, representatives from Cassada Corporation presented a proposal for a new housing development in Mesquite, Texas, aimed at addressing the growing need for affordable housing in the area. The proposed project, located on 15.76 acres at 800 Horizon Boulevard, would consist of 130 to 150 micro single-family homes, each ranging from 500 to over 900 square feet.
Noah Pollack and Aaron Levy, partners at Cassada, emphasized their innovative approach to housing, which utilizes modular manufacturing to expedite construction and enhance quality. They highlighted the increasing demand for rental properties, noting that many individuals are spending over 30% of their income on housing, making affordability a pressing issue.
The developers shared insights from their previous projects, including a successful community in Austin that quickly stabilized and attracted a diverse range of residents. They aim to offer rental prices that align with 60% to 100% of the area median income (AMI), ensuring that housing costs remain manageable for the workforce.
During the discussion, council members inquired about the proposed lease prices and the project's alignment with local housing needs. Cassada representatives assured the council that their pricing strategy would keep rents below 30% of residents' incomes, thereby avoiding financial strain.
The presentation concluded with an invitation for further questions from the council and the public, indicating a collaborative approach to addressing Mesquite's housing challenges. The proposal reflects a growing trend towards innovative housing solutions that prioritize affordability and community engagement.