Reasonably priced Housing Tasks in Greensboro, Winston-Salem Federal Internet Grants | Newest information
US MP Ted Budd announced on Wednesday $ 1.5 million in affordable housing grants for his district, including a 30-unit apartment project in Greensboro.
The Republican Congressman said the $ 500,000 grants each for lower-income apartment buildings in Gate City, Winston-Salem and Salisbury would “make a real difference” in our community.
“Helping people afford a place to live and raise their families is one of my top priorities in Congress,” said Budd, R-Advance.
Budd represents the state’s 13th Congressional District, which includes parts of Guilford, Forsyth and Rowan counties.
The money was given out by the Federal Home Loan Bank of Atlanta as part of their affordable housing program. In a press release, the federal agency said the total cost of the three projects was approximately $ 22 million.
The Greensboro grant went to the Partnership Place project in Greensboro, which aims to purchase and renovate a 30-unit rental property for a total renovation cost of approximately $ 2.4 million.
Bank officials said the project involved “acquiring and redeveloping an abandoned affordable housing estate”.
The project is sponsored by Partnership Homes Inc., a local non-profit organization. When completed, it will offer affordable rents to people earning 30 and 50 percent of the region’s median income, the bank said.