It is designed for middle-income buyers, many of whom are now unable to afford a house in Pelham.

NEW tax incentives have gone into effect here to encourage the building of housing to keep middle-income buyers in the city.

About half these middle-income buyers are black.

A few larger developments for middle-income buyers, and custom homes for the wealthy, have been built throughout most of the 90's.

Waterfront living is hardly the sort of luxury that middle-income buyers expect to be able to afford.

With that sale, the house moved out of the reach of middle-income buyers.

Besides, for many middle-income buyers, the choice is often between an interest-only adjustable-rate mortgage and not getting the home.

To protect low- to middle-income buyers, part of the purchase price would be exempted from the tax, with the amount left up to each town.

But it does appear clear that builders would no longer be able to supply middle-income buyers with as much floor area.

The financing would be dependent on the buyer agreeing to keep the housing available to low- and middle-income buyers.