NEWPORT — Surf View Village, the low-income housing project in the Agate Beach area of north Newport, is still underway, although construction workers on site don’t have a set project completion date at the moment.
“There’s always changes we run into,” said Keith Samples, equipment operator at RK Concrete Construction. “There’s unexpected challenges, but nothing major. We’re just dealing with the rain and the mud.”
The housing complex, which is expected to be home to 420 people upon completion, sits on a 5.2-acre lot off of Northeast 60th Street and is one of the latest affordable housing complexes in the county. The complex will include 110 units and be available to families that make 60 percent or less of the area’s median income. City documents related to the housing project specify that the income restriction will stay in place for 30 years.
The Commonwealth Companies, developers of the project, invested a significant amount of money to help offset the public money used to move forward with construction. Approximately 80 to 90 percent of the budget comes from public dollars, according to project documents.
Funding from the state’s local innovation and fast-track housing program helped to move the project forward, as well as money from federal low-income housing tax credits.
“Whatever is happening fits a certain niche of housing needs,” Derrick Tokos, Newport’s community development director, said previously about the project. “It’s a very significant need in the community. It’s important to have projects of this nature.”