GREENSBORO – Affordable Housing Management, Inc.
(“AHM”) announced it recently began construction on Hope Court, a 16-unit
supportive apartment community located near the intersection of Gate City Blvd.
(High Point Rd) and Holden Road.
The property will offer one, two, and three bedroom non-smoking apartments
affordable to individuals and families earning below fifty percent (50%) of
Area Median Income. Six units will be reserved for households with a disabled
or formerly homeless member. The United Way of Greater Greensboro will offer
classes in nutrition, budgeting, unit care and other topics of interest to
residents. Frank McCain of the
United Way of Greater Greensboro said, “Hope Court addresses a need of those in
our community who are living in poverty.
Every person and every family in our community deserves the opportunity
to better themselves and to live in a safe, caring, and permanent home. We understand the social and economic
benefits of providing wrap-around support services to this community and are
elated to participate in this collaboration.”
David Levy, Executive Director of Affordable Housing
Management, Inc, states, “The new apartment homes will be very attractive and Energy
Star certified providing reduced electric rates for the residents. The reduced
electric rates and below market rents will provide extremely affordable homes
with public transportation, shopping, services, restaurants, and employment
centers, all within walking distance. The sixteen new apartment homes will assist with the City’s
efforts to end homelessness and to increase the affordable rental housing
stock.”
Other
supportive services and referrals are being provided by the Greensboro Housing
Coalition (GHC). Brett Byerly,
Executive Director of GHC said, “Building more affordable housing is crucial to
Greensboro’s long term growth and community health. Developments such as Hope Court that emphasize energy
efficiency, proximity to food and infrastructure, and connection to supportive
services for residents are crucial to both resident and community
sustainability.”
Hope Court is funded by the City of Greensboro, the
North Carolina Housing Finance Agency (NCHFA) – Supportive Housing Development
Program, and AHM. Additionally, grants were provided by Federal Home Loan Bank
of Pittsburgh, Wells Fargo Foundation, Community Foundation of Greater
Greensboro and the Lookout Foundation.
In addition to Hope Court, AHM recently began a
major rehab at one of its existing apartment communities, Berryman Square, in
northeast Greensboro. This 44-unit
one- and two-bedroom apartment community will feature energy efficient
appliances, HVAC equipment, and lighting, new floor plans,
new kitchens and bathrooms, new exterior siding and doors, and areas that were
asphalt are being converted to green space. Added amenities are playground, picnic areas, and a new community
building with management office, laundry room, and general purpose room with a computer
lab for residents. As part of the
rehab, the community will become non-smoking and exterior smoking areas will be
provided. The rehab work is being
done in phases to minimize the relocation of residents who will be moved into
rehabbed apartments as each phase is completed. Rehab should be completed early 2016. The development is funded with federal
low income housing tax credits awarded by the NCHFA, a City of Greensboro loan,
a state Rental Production loan and a first mortgage loan from the Community
Investment Corporation of the Carolinas.
Berryman Square will have mixed income limits with
rent and utilities affordable to households earning fifty percent (50%) and
sixty percent (60%) of the Area Median Income. Five units will be targeted to
disabled households with rental assistance provided.
Both Hope Court and Berryman Square expect to be
certified under the National Association of Home Builders’ National Green
Building Standards.
AHM, formerly known as Greater Greensboro Housing
Foundation, is a private nonprofit organization whose mission is to provide
quality affordable rental housing for low to moderate income households,
including the elderly and disabled. AHM’s mission is accomplished through the
development and management of affordable apartments for those households. AHM
is celebrating its 45th anniversary in 2015. AHM is located at 330
South Greene Street, Suite B-11. For
more information on AHM, call 336.273.0568 Ext. 126, email info@ahmi.org or
visit www.ahmi.org.
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- A press release
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