MCIF fosters home building effort

An effort to spur new construction of moderately priced homes in Brady officially got off the ground Friday with a new combined effort of the McCulloch County Industrial Foundation and an area builder. The MCIF has purchased a tract of land that will be subdivided into three individual lots. The foundation also entered into an agreement with Mike Murray of Murray Co. Development of Brownwood to build the first model home of what will hopefully be several more to come in the near future on one of those three lots. The idea behind this type of project stems from a housing task force that was formed following a consensus opinion by members of the MCIF that there was a perceived shortage of moderately priced available housing in Brady. Over the past several months, the housing task force chaired by James Long and Gary Schroeder, has researched a variety of possible options and plans. Several different approaches were explored, and this idea was the one that was deemed most viable to the parties involved. The idea revolves around the MCIF providing a lot for the builder and the City of Brady waiving all permit fees as well as making utilities available. By designing the project in this way, buyers will have equity in the homes early on because there will be savings realized because of these contributions. According to Schroeder, the project is open to all builders. The lots that will be made available are ones that are already located within the city limits and ready for development. Schroeder said the first model home that is going to be built will be in the price range between $50,000 and $100,000. He also stated that the effort so far had been entirely a donated effort including the closing of the property which occurred Friday.

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