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Location
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Dawson Springs, KY
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Units
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48 units
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Year
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Awarded 2024 Actively Under Construction 2026
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Type
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All-ages Community
Marketplace Commons Development
Marketplace Commons
Market Commons is a 48-unit affordable housing development is Dawson Springs, KY, designed to support the region's workforce and long-term recovery from the devastating December 2021 tornados. Developed by Bywater Development Group and SOCAYR inc. in collaboration with the Madisonville/Hopkins County Economic Development Corporation, this community provides high-quality, professional managed apartments for families earning 60% or less of the area median Income (AMI).
Located at the highly visible northeast corner of U.S. Highway 62 and Industrial Park Drive, the site offer convenient access to nearby job opportunities and strengthens the connections between housing and employment. The development includes a mix of one-, two-, and three-bedroom units built to modern energy efficiency standards standards. Select ground-floor units will be fully accessible for residents with mobility impairments.
Community-focused amenities include a clubhouse with a business center, library, and activity space; a playground; landscaped walking paths; a picnic and grill area; and a permanent on-site management office. Exterior materials will feature durable, attractive finished like brick and fiber-cement siding to complement the surrounding neighborhood.
Marketplace Commons represents a meaningful investment in the future of Dawson Springs, offering stability and opportunity for working families while contributing to the city's revitalization.