Nearly $1M Committed to Affordable Housing in Grier Heights
Myers Park Presbyterian Church, CrossRoads Corporation, Grier Heights Presbyterian Church and Antioch Missionary Baptist Church Give Interest-Free Loan to The Housing Partnership
By: The Charlotte-Mecklenburg Housing Partnership
After Covenant Presbyterian Church's 2017 landmark investment in affordable housing, GHAHP is following suit by loaning nearly $1 million for a proposed development along Billingsley Road. "We truly believe that this financial commitment will be a catalyst for change along this corridor," said Rev. Dr. Joe Clifford, MPPC's pastor. "Our goal is to help create a safe and vibrant community, while preserving the legacy of Grier Heights, for families who are in need of affordable housing."
The development, where sub-standard housing has already been safely demolished, will provide rental housing for families in the 30 to 80 percent of area median income (AMI) ranges. The proposed site on Billingsley Road will include one- to three-bedroom options and is within walking distance of amenities such as a family service center, grocery store, and pharmacy. Medical centers, the Grier Heights Community Center and the Naomi Drenan Recreation Center are less than a half-mile away. Additionally, there are multiple CATS bus stops near the proposed development that are served by two prominent bus routes.
"The Housing Partnership is thrilled to see the faith-based community step forward and address Charlotte's housing crisis," said Julie Porter, president of The Housing Partnership. "Their actions speak volumes of their commitment to truly being a force of good for their neighbors in need."
In addition, The Housing Partnership and CrossRoads Corporation have acquired duplexes adjacent from the project's property and is in discussion with Habitat for Humanity of Charlotte on how to improve the housing, adding to the areas rebirth. "With each of these organizations coming together for this monumental development in the Grier Heights neighborhood, it is an example of the collective action necessary to address the challenge of affordable housing as a community. We are excited to be a part of this initiative."
Over the next several years, this project will expand affordable and well-maintained housing for low- and moderate-income families in the Grier Heights neighborhood, located minutes from the center city of Charlotte.
ABOUT THE HOUSING PARTNERSHIP
Charlotte-Mecklenburg Housing Partnership (The Housing Partnership)