The new housing is expected to take a decade to create.
This led to a need for new housing in the area.
In mid-2010, work began to clear the site for new housing.
"These individuals are in the best position to come onto the market and buy this new housing," she said.
The city would use the money to build new housing for the poor.
The new housing will mean a better community, he said.
Some new housing has been built and the area is now in better shape.
The land stood empty for many years, but has since been used to provide new housing.
He is also said to have plans on some new housing for himself.
In the early 20th century, with an expanding population and more young families, many began looking for new housing.