CFC_Brick_ProjectSamplesProject Title
Driftwood Permanent Supportive Housing
Description
In 2021, Cape Fear Collective acquired Driftwood Apartments, a property originally developed by
Wilmington Housing Finance as Permanent Supportive Housing (PSH), for $1.2 million. To ensure
Driftwood continues to serve as PSH, The City of Wilmington approved a 20 year deferred and forgivable
loan in the amount of $698,593 for CFC to rehabilitate the 15 unit site. As PSH, Driftwood units will be
reserved to households with incomes at or below 80% AMI with rent not to exceed 30% of the
household income. CFC is contracting Norco to manage the properties and has an agreement with the
Good Shepherd Center to conduct case management and supportive services for tenants.
Number of Units/Households Assisted
15 residential units
Project Year
Awarded in 2021
Location
3820 Princess Place Drive
Project Title
CFCIO1 LLC/CFCIO2 LLC & COW Lead Hazard Reduction Program
Description
With funding from the Lead Hazard Reduction from the City of Wilmington, CFC brought 11 units to
safety, relocating 7 household units while projects were in process.
With the leadership of Terri Burhans (Housing Director), CFC met all requirements of City funding in the
amount of $290,000.
Number of Units/Households Assisted
11 households
Project Year
FY 2022 - 2023
Location
810 S. 16th Street
1315 Church Street
108 S. 13th Street - A
108 S. 13th Street - B
714 N. 8th Street
1005 Wright Street
1415 Glenn Street
803 S. 7th Street
203 N. 11th Street
213 N. 11th Street
Brick Capital Community Development Corporatfon Experience
Brick Capital is a HUD approved housing counseling agency, a supportfve housing property
manager, a case management agency, and a developer and builder of affordable housing. We
counsel clients to help them navigate the homebuying process and to provide evictfon and
foreclosure preventfon services. We own and manage supportfve housing for households that
need supportfve services along with the housing that we provide. We provide case management
and rental assistance for chronically homeless households through HUD’s Contfnuum of Care
program. And we build and sell affordable housing for both homeownership and for rentals.
Our experience performing income verificatfons and portiolio assessments comes from our
work with our housing counseling and property management. As a housing counseling agency,
we gather certain income informatfon and documentatfon from our clients in order to help
navigate the home mortgage process. In additfon, HUD requires us to gather certain
demographic informatfon and report to them on the clients we serve and the services we
provided on a quarterly basis. As a property management organizatfon, we gather income
informatfon and documentatfon from our clients to determine their eligibility for certain rental
subsidies. In additfon, we do portiolio assessments once a quarter to provide inspectfons of our
units and to have conversatfons with our tenants to determine what supportfve services they
might need.