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Local Man Brings Affordable Housing To Owensboro

Gary Boswell noticed a lack of affordable housing in the area.

Posted: Oct 27, 2021 8:08 PM

A 9-acre plot of land covered in trees on Ownesboro's east side is set to become new, affordable housing thanks to one man.

Gary Boswell has lived in Owensboro much of his life, working as a property developer. With the housing market as hot as it is, he noticed affordable houses are becoming more difficult to find.

With this in mind, Boswell purchased land in Owensboro for $375,000 with the goal of building 37 houses over the next few years. 

"We're hoping to build some houses that people would be able to buy and be able to have basically have the same type of monthly payment that they might have if the had to rent," Boswell told 44News.

Boswell plans on selling each house for no more than $200,000, so that those in median income households can afford a new home. 

"People would love to own a home if they could afford it," he went on to say.

Boswell and his team plan to break ground on the first house by the end of 2021.

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