So the Norcross-based developer priced its planned 15-unit townhome community at $300,000 each and agreed to set aside three affordable units at $260,000. Now some local residents are complaining to the city commission that few local residents in this city of 20,000 permanent residents can afford Laurel River's affordable' housing. Some argue $200,000 to $240,000 would have been a better affordable range for most Decatur buyers.
Area brokers tell GlobeSt.com average salaries here for public school teachers are $49,000; firefighters, $37,000; office support staff, $29,000; sales clerks, $22,000; and waiters, $16,000.
Laurel River Properties officials declined to comment on the townhome pricing arrangement it has with the city. But area brokers familiar with the project tell GlobeSt.com the city has given the developer six months to sell the $260,000 townhomes. If the units are not sold in that time frame, Laurel River Properties can sell them at the market price.
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