DeKALB – Housing development in DeKalb may be stagnant, but one national homebuilder is ready to include the city in its plans for the Chicago market.
Fort Worth, Texas-based D.R. Horton Homes broke ground Wednesday on the first of several homes planned for lots the company controls in the Devonaire Farms subdivision, according to a news release from the city.
Devonaire Farms, located off Malta Road, was approved in 2003. After the housing market collapse, almost half the project was left incomplete, according to the news release.
D.R. Horton representatives met with both city staff to secure the necessary building permits on lots approved for construction and members of the homeowners’ association to integrate themselves with the community.
D.R. Horton expects to build 850 new homes in various Chicago-area communities this year. The homebuilder is working in Elgin, Geneva, New Lenox, North Aurora, Oswego, Pingree Grove, St. Charles and Yorkville.
DeKalb has made numerous efforts to spur housing development. Last year, the City Council approved waiving water impact fees for the first 100 construction permits in subdivisions including Devonaire. These incentives for the 250 eligible lots would range from about $2,600 to $3,800 for a single-family property.
A similar measure was approved by the DeKalb School District 428 Board in November.