Looking at a nice new community on which to build a 2000 sq ft ranch in a
development of about 200 homes ranging in price from 230,000 to 390,000.
Across from the soon to be second entrance, grading and sewer/water pipe
activity has commenced along some soon to be paved dirt and gravel roads. I
recently learned that our local (Charlotte, NC) Habitat for Humanity has
purchased land on which to place homes.

I am curious as what effect (if any) this would have on home values in the
immediate area. There are two higher end developments 1/2 and a full mile up
the road and three other communities of new homes in the 135,000 to the
200,000 range within the same stretch.

Made a call to habitat after starting this note and learned that 50 lots
have been bought and there are about 150 more, all of which are vacant (no
homes). This development was started in the late 50's to early 60's with no
follow through except dirt roads cut and lot surveys. Looked at our local
GIS system online and saw where the habitat homes will fall directly next to
and between my hope to be community and another with several homes in the
400,000 - 500,000 dollar range.

I have no personal objections to a few structures going up. I would probably
volunteer to help out a couple of weekends, but if the eventual numbers are
in the 100 to 200 range then that would cause me to pause. Educated opinions
from appraisers or other homeowners with similar experiences will be greatly
appreciated.

thanks in advance for any and all responses................