Franklin -- $432,000 to AmSouth Bank and The Affordable Housing Group * Hamlet -- $154,000 to First Union Direct Bank and Sierra Christian Center Churches International * Hendersonville -- $200,000 to SunTrust Bank, Atlanta and Hendersonville Housing Authority * Raleigh -- $96,747 to Bank of America, Georgia and DHIC
Communities throughout North Carolina are facing a critical shortage in reasonably priced housing," said Gregory Warren, executive director, DHIC
As a part of this program, DHIC
will arrange to provide home buyer education and individual credit and budget counseling to prepare them for home ownership.
Public sector financing and a $820,000 equity investment will allow DHIC
to rent the Avonlea apartments at $200 per month below rates for comparable units.
We are pleased to be working with DHIC
and Enterprise to make this project a success.