November 10th, 2013 | kathleen obannon
Categories: There is no tags
Comments: No Comments
Grier Heights is challenged by extremely low home ownership (85% of the residential units are rental). In addition, the existing housing stock is much older (average 52 years old) with double the percentage of housing violations than the county-wide average. According to the current Charlotte-Mecklenburg Quality of Life Explorer, the average home sales price in Grier Heights in was $74,000 (county average $273,064).
Increasing home ownership and improving existing housing stock are major CrossRoads initiatives that represent critical building blocks toward the redevelopment and revitalization of Grier Heights. A partnership between CrossRoads and Self-Help Community Development Corporation has resluted in the construction and sale of 41 new homes in Grier Heights since 2013. Thirty-four homes were sold to families with income restricted to no more than 80% of the Area Median Income (which is currently approximately $63,200 for a family of four) and 6 to families with no income restrictions. One more affordable homes is soon to be under contract. With only a handful of build-able lots remaining in inventory, efforts to acquire additional land for development of affordable housing will continue through 2020 and beyond.
Our new homes have received cost subsidies totaling over $1,900,000 from the City of Charlotte and $100,000 from Wells Fargo. In addition, the City has invested approximately $750,000 in improved infrastructure for our development. This new mixed income housing has had a significant impact on Grier Heights, increasing home ownership in the neighborhood by approximately 27%. For more information, visit Elizabeth-heights.com.
To help low-income home owners in Grier Heights remain in their homes, CrossRoads partners with Habitat for Humanity’s Critical Home Repair Program to recruit and qualify eligible home owners, provide volunteers, and supply funding for critical home repairs (e.g., roof and floors). Thirteen projects have been completed to date.
City of Charlotte
Helen Adams Realty
Self-Help Community Development Corp.
Kathleen Bambrick Meier
Habitat for Humanity Charlotte