Habitat for Humanity updated the community on the status of the Depot neighborhood Development Monday night.
With the help of the affordable housing company Homestretch, they are expected to build 10 single family homes at the intersection of Eighth Street and Woodmere Avenue. The entire project is made up of 21 houses.
Construction is moving ahead, even though Homestretch lost Michigan State Housing Development Authority funding earlier this year.
"We're concerned about their loss of funding, but I understand that they are pursuing opportunities to regain, and I have no reason to believe that they will not," said Wendy Irvin, Executive Director of Traverse City Habitat for Humanity.
Officials at Habitat for Humanity say the development is bringing the community together.
"It's something special. It's taken a lot of effort by a lot of people," said Daniel Baldwin, Board Chair for Habitat for Humanity. "It's going to take a lot of dollars from a lot of people, but 10 families are going to be just blessed to have these homes."
All of the families who have been selected for a home will contribute 275 hours to help construct their home.
There are three phases to the Depot neighborhood construction.
The first three houses from phase one of the project will be completed by the end of August. Construction at the Depot neighborhood is set to be finished by 2016.