Winston-Salem Approves $500,000 for HAWS Project

July 28, 2015 at 7:04 pm Leave a comment

From the Winston-Salem Journal:

The city council last week approved $500,000 to help with the financing of the renovation of Drayton Pines Apartments on Bohannon Park Circle in North Ward…

At Drayton Pines, there are 44 duplex-style apartments in a residential setting. The improvements will involve giving the units a complete makeover: tearing out a wall to open up the living and kitchen areas, redoing the kitchen with new appliances, putting on new roofs and siding – even new asphalt and curbing outside…

The current estimate is that it will take about $3.7 million to carry out the renovations. In addition to the $500,000 in financing from the city – which will be paid back – the project would be supported by a $2.7 loan from Bellwether Enterprise Real Estate Capital and other funding sources, including BB&T Bank.

Advertisements

Entry filed under: Affordable Housing, Winston-Salem. Tags: , , , .

SCRA Affidavits Now Required in Counties Throughout the Triad Homeownership Rate Lowest Since 1967, US Rental Vacancy Rate at 6.8%

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


Calendar

July 2015
S M T W T F S
« Jun   Aug »
 1234
567891011
12131415161718
19202122232425
262728293031  

Most Recent Posts


%d bloggers like this: