Spring Hill May Be Revitalized By Apartments
A Developer Is Planning To Build 108 Moderate-income Rentals In One Of Volusia County's Most Blighted Areas. September 29, 1998 | By Holly Kurtz of The Sentinel Staff DELAND - One of Volusia County 's most blighted neighborhoods soon could house its first apartment complex. The 108 moderate-income rentals would cost $6 million to build on 10 acres at the corner of Clara and New Hampshire avenues in Spring Hill, according to a presentation made at a recent DeLand Area Chamber of Commerce meeting. Rents would range from $475 to $550 a month in the complex, which would be developed by Straka and Associates of Cape Canaveral. Real estate agent Troy Baumgartner , who is representing the land owner, wouldn't comment Monday. He said he would release a statement by week's end. Construction could hinge on the Low Income Housing and Tax Credit Program , which allows up to one Volusia County developer per year to receive a state tax credit , $500,000 in federal housing money a...