1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
Passage Home Logo

Groundbreaking Ceremony for New Affordable Housing Complex

The City of Raleigh, Wake County, and Passage Home will be holding a groundbreaking ceremony on Tuesday, December 4th at 10:00 am for the new Coleman Street Multi-Family Housing complex to be constructed at 1002 Coleman Street in Raleigh, NC.

 
 
Perspective_36inch_02-16-2012 - compressed for PR
Perspective_36inch_02-16-2012 - compressed for PR
PRLog - Dec. 4, 2012 - The City of Raleigh, Wake County, and Passage Home will be holding a groundbreaking ceremony on Tuesday, December 4th at 10:00 am for the new Coleman Street Multi-Family Housing complex to be constructed at 1002 Coleman Street in Raleigh, NC.

The 18,000 square foot new construction project will provide 18 apartments of affordable housing to working families and addresses the continued need for additional affordable housing, especially for families that work in downtown Raleigh. The complex will offer housing, support services, and neighborhood activities to families in Raleigh.

Ten 2-bedroom units will be reserved for families at 80% or below Area Median Income (AMI), while eight units will be reserved for families at 40% AMI. In addition, a Passage Home Case Manager will work with each family housed at Coleman Street and offer additional support services, such as job training, financial literacy workshops, parenting classes, youth after-school program, and life skills.

The City of Raleigh has provided $1.2M plus the land value in a low-interest loan, including Neighborhood Stabilization Program (NSP) funds, towards this exciting project. In addition, Wake County has provided $400,000 of low-interest financing to Passage Home for development of this site. Passage Home, a local nonprofit organization focused on fighting poverty, is the developer of the Coleman Street housing project. LS3P Associates is the architectural design team and Monteith Construction is the general contractor. Paragon Commercial Bank has provided additional private financing for this project.

The groundbreaking ceremony will take place on Tuesday, December 4th at 10:00am, at 1002 Coleman Street in Raleigh.

ABOUT PASSAGE HOME:
Passage Home fights poverty and homelessness by strengthening families and neighborhoods. It is a nationally recognized nonprofit community development corporation that has been serving Wake County, N.C. since 1991 and has developed a network of corporations, congregations, and community organizations that are supporting this work. For more information, visit www.passagehome.org.

Photo:
http://www.prlog.org/12036131/1

--- End ---

Click to Share

Contact Email:
***@passagehome.org Email Verified
Source:Passage Home
Phone:919-834-0666 x 231
Zip:27603
City/Town:Raleigh - North Carolina - United States
Industry:Non-profit, Construction
Tags:nonprofit, Poverty, homelessness, economic development, neighborhood
Last Updated:Dec 04, 2012
Shortcut:prlog.org/12036131
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share