Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Charlotte-based Crosland Inc.’s contracting division has been awarded $9.6 million in funds from a variety of sources for development of Kimberly Park II, a 170-unit affordable housing project in Downtown Winston-Salem, NC.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.