Four Daytona Beach property owners will soon move into brand-new homes thanks to the city’s home rehab/reconstruction program. Administered by the Redevelopment and Neighborhood Services Department and funded through a mix of federal and state housing programs, the initiative helps very low to moderate income homeowners replace unsafe houses with safe, modern residences.
“The city is investing in the health, safety and stability of its residents by replacing condemned structures with accessible, energy-efficient homes,” said Redevelopment Director Ken Thomas.
To qualify, homeowners must earn less than 80% of the Area Median Income (AMI) for Volusia County, adjusted for family size. While the program typically focuses on rehabilitating existing homes, full demolition and reconstruction are pursued when repairs would exceed 65% of a property’s assessed value.
Four properties—622 Marion St., 322 North Keech St., 351 Garden St. and 831 Madison St.—were recently approved for reconstruction. Work is already underway at 622 Marion St., where the original 1950 structure has been demolished. A new 1,254-square-foot, two-bedroom, two-bath concrete block home with a garage is being built by Wise Construction. Valued at $242,885, the house will feature accessibility upgrades, including ramps and shower railings, and is expected to be completed by year’s end.
The program, which has a lengthy waiting list, requires a 15-year affordability period to ensure the homes remain available to qualifying residents. If the property is sold or refinanced before the end of the period, funds invested in the rehab/reconstruction must be repaid.
Recipients are responsible for paying property taxes and homeowners’ insurance, including flood insurance, if applicable.