Last year, Small Change completed a crowdfunding raise for Starter Home Two, a project developed by OJT (Office of Jonathan Tate). The project plans for two new single-family homes on vacant lots in New Orleans’ Milan neighborhood.
This project is designed to respond to issues of vacancy and affordability and will be on the market at an affordable cost to first-time buyers. The plans take irregularly shaped vacant lots, which are often overlooked as they come with inherent difficulties, and puts them to active use in the city.
We thought we’d see what else you can buy close by.
Just a block away is this adorable little house for $320,000. It’s a four bedroom, two bathroom, 1,600 square foot shotgun house.
Looking for something bigger? Just two and a half blocks away you can buy a 3,800 square foot house for $465,000. This house is a double with two units – one on each side. One unit has three bedrooms and two bathrooms, while the other is a one bedroom with one and a half bathrooms. A little sprucing up is required.
The price per square foot for a house varies widely in Milan, from just $84 for one requiring a lot of work to $200 for one that’s freshly remodeled. Of course a 100-year-old house might need more maintenance than a newer one.
The market in New Orleans is varied, evidenced by the numerous listings in Milan. A healthy city is a city with options for all housing types at all scales and prices. By activating irregularly shaped vacant lots with an affordable design, the Starter Home model should add to this dynamic mix.