The funding includes a combination of federal and state tax credits, an infrastructure loan from the city of Winston-Salem, and HOPE VI monies. HOPE VI was formed originally under the title Urban Revitalization Demonstration, following a national commission on severely depressed public housing.
Kimberly Park II will consist of 34 three- and four-bedroom townhouses and 136 garden apartments with one, two, or three bedrooms. Of the apartments, 11 will offer handicapped access stipulated by the Americans with Disabilities Act.
The 17-acre community covers about four city blocks and will include a 6,037-sf community center with a 1,500-sf common area, five smaller meeting rooms, a computer classroom and a kitchen. There will also be a garden area and laundry facilities.
The first phase, consisting of 98 units, is scheduled for completion in mid-August 2003, with the second set to reach completion next October.
Crosland is partnering with Community Management Corp. of Winston-Salem, the city's housing authority, and locally based Stantec Architecture.
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