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HomeMy WebLinkAboutCFC_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.