Recent Affordable Housing Initiatives
October 24, 2023
The City Council approved $7.9 million last week to support affordable housing initiatives throughout Winston-Salem. The $7.9 million will be used in three separate projects.
Housing Authority of Winston-Salem (HAWS) is completing the redevelopment of its property in the Happy Hill Neighborhood. It is donating 13 lots to Habitat for Humanity of Forsyth County to construct affordable single-family homes for homeownership.
The City Council approved Habitat’s request for $2.16 million in grant funding to construct the homes last week (October 16).
“The houses won’t be cookie-cutter replicas of each other,” Habitat told our team. “There will be variety.”
THE NUMBERS | Habitat will construct 13 energy-efficient homes.
The City of Winston-Salem is providing $4.85 million of gap financing to Wynnefield Forward, LLC for a 30-year term at 2% interest to develop 180 rental housing units near Indiana Avenue and Bethabara Road.
THE NUMBERS | The project will consist of (3) three-story buildings and (3) four-story split buildings which will include (27) one-bedroom, (81) two-bedroom, and (72) three-bedroom units.
The City Council also approved nearly $900,000 in grants for making appearance improvements to homes surrounding the Cleveland Avenue Homes community in northeast Winston-Salem.
This funding is part of the $30 million grant received by the city in 2020 from the U.S. Department of Urban Development. The grant was specifically allocated for the replacement of Cleveland Avenue Homes.
This program’s goal is to enhance curb appeal, improve the aesthetic appeal of the Choice Neighborhoods Implementation (CNI) target area, and allow residents the opportunity to make essential repairs to their homes.
THE NUMBERS | The first phase of this program is offering exterior home improvements of up to $20,000 to 22 selected applicants who applied early and meet the location and ownership qualifications.