Neighborhood Development Annual Report 2020-2021

Affordable Housing Developments

Partnership Place City financing: $1.6 million | Total cost: $2.5 million An existing multi-family property of 31 two- bedroom townhouse-style units. Rehabilitation began in spring 2021. Leasing expected to begin in 2022. Developer: Partnership Homes Inc. Rents: $560-$648 per month

Under Renovation

Richardson Village City financing: $431,866 | Total cost: $3.12 million An existing multi-family property of 24 two- bedroom townhouse-style units. Rehabilitation began in June 2020. Developer: Beacon Management Rents: $591-$690 per month

Now Leasing

1405 Lord Foxley Dr. City grants: $34,527 2205 E. Florida St. City grants: $55,845

Through the Storm Recovery Alliance, the City of Greensboro has worked with community organizations to allocate resources and coordinate housing relocation and repairs. As part of Greensboro’s Tornado Disaster Recovery Program, CHS acquired, rebuilt, and sold these properties. Developer: Community Housing Solutions (CHS) SOLD

Sold

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