Housing & Neighborhood Development Annual Report 2024-25

Affordable Housing

City Loan-Funded Affordable Housing Complexes

Lofts at Elmsley Crossing 420 Kallamdale Rd. City Loan Funding: $2.25 million in federal funds and voter-approved housing bond

Total Project Cost: $17 million • 84 Units, 1-3 Bedrooms Projected Rent: $370-$1,117 336-297-7382

Southwoods Apartments 2307 Columbus St. City Loan Funding: $2.1 million in City’s allocated federal COVID relief funds Total Project Cost: $7.3 million • 59 Studio apartments rehabilitated Projected Rent: $485 336-379-1547

Townsend Trace 2505 Sixteenth St. City Loan Funding: $3.55 million in voter-approved housing bonds Total Project Cost: $31.7 million • 180 Units, 1-3 Bedrooms Projected Rent: $385-995 336-291-8832

Yanceyville Place I 3944 Yanceyville St. City Loan Funding: $920,000 federal funds Total Project Cost: $13.5 million • 84 Units • 1-3 Bedrooms Projected Rent: $335-$895 336-332-2840

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