Title















Site Registration | Find a Copy | Event Calendar | Site Map
The Voice of the Black Community
Need Credit Card Relief?

Local

Done deal: work ready to begin at Washington Terrace
 
Published Thursday, September 14, 2017
by Bonitta Best

RALEIGH – The deal has closed and work is set to begin at Raleigh’s Washington Terrace complex.

Affordable housing developer DHIC, Inc., closed on $31.8 million in financing for the first phase of the 162-unit Village at Washington Terrace that includes a child care center. The community will house one-, two- and three-bedroom garden apartments; two-bedroom townhouses; and a community center with a management office, fellowship space, kitchen fitness center and laundry – all for lower income families and individuals.

Methodist Home for Children will operate the child care center fit to accommodate 75 children.

“The redevelopment of Washington Terrace is by far the most ambitious community development project DHIC has undertaken in its 42-year history,” President Gregg Warren said. “Everyone knows that housing prices near downtown neighborhoods are escalating rapidly. With an average rent of $785 at Washington Terrace, we are putting a permanent stake in the ground for affordable housing in this neighborhood.”

The second phase, Booker Park North, is a 72-unit senior affordable apartment community. The $10.6 million price tag is expected to close later this year.

The final phase of the project will include additional rental apartments and 200 homes for sale. Demolition begins later this month, and a community-invited groundbreaking is in late October.

Comments

Leave a Comment


Send this page to a friend

Upcoming Events

read all
28

Healing Crusade

Healing Crusade 2017, Sept. 28-30 God’s

28

Mykki Blanco

Time: 8 to 10 p.m. – Mykki Blanco with

30

Cancer Tea

"From Our Family To Yourz" a nonprofit

Latest News

read all

Successfully transition houseplants indoors for winter

Help your houseplants make a smooth transition from their outdoor summer home back inside for

Aggies remain undefeated with win over Bears

BALTIMORE, Md. – Only a quarter of the season has past and the No. 15/21 North Carolina

NC hospitals offer Medicaid solution

RALEIGH – It's the first of its kind in the Tar Heel State. A coalition of 11 North