During a recent government meeting, discussions centered on the development of the Terra Alta and Stockdale Farms subdivisions, which are not part of the Delaware South New Community Authority (DSNCA). The meeting highlighted the ongoing construction of approximately 870 homes, with 575 already paved and 54 under construction. The developers emphasized the community's positive growth, including the completion of a pool and clubhouse, and the introduction of new amenities such as pickleball courts and a park.
Concerns were raised regarding the affordability of housing in the area. A local resident inquired about the average home prices, which are projected to range from $300,000 to $700,000 depending on the type of home. The developers acknowledged that these prices do not align with the current narrative of affordable housing in Delaware, attributing the high costs to escalating construction and land prices.
The meeting also addressed the complexities of development costs, with one developer explaining that the expenses associated with land acquisition, zoning, and permitting significantly contribute to the overall price of new homes. This has led to a broader discussion about the challenges of providing affordable housing in the region, as rising costs continue to impact potential buyers.
As the community prepares for further development, the need for a balanced approach to housing affordability remains a critical topic among local officials and residents alike.