We know the development process can be long, complicated, frustrating and a reminder of past mistakes and missteps. As our name indicates, we are partners with each other and the community. We want to be transparent from the start and throughout the process. One way to do this is to record the questions and statements we have heard throughout the community engagement process and respond with answers that are accurate.
Following each community meeting, we will update the information below. If we miss something, send us an email. We will endeavor to capture all questions, statements and answers below. We know not all answers will make everyone happy, and not all questions and statements will be easily responded to, but our hope and goal is to be transparent. From transparency we can build trust of one another and a common vision and goal for the future redevelopment of Fayette Place.
Have questions about something not covered below? Contact us at info@durhamcommunitypartners.com.
Financial closing occurred on March 5, 2026
The transaction closed on all portions of the financing and executed the ground lease allowing construction to begin.
The capital stack of the development consists of LIHTC Equity(WNC), Tax -Exempt Bond Construction Loan (Citi), and City of Durham/DHA funds.
The MDA is a legally binding agreement between the Durham Housing Authority and the developer that lays out the business terms, roles and responsibilities and agreements between the parties.
In October of 2023, Durham Housing Authority's (DHA) Executive Director, after approval of the board, signed on behalf of DHA and principals of F7 International Development, Harmony Housing Affordable Development, and Gilbane Development Company signed on behalf of the developer.
Durham Housing Authority and Durham Community Partners (DCP) executed the MDA in October 2023. In the proceeding months, DHA and DCP have been working with our design and finance teams to refine the plan that we created with you during the 2022 and 2023 engagement sessions. The design and financing for the first phase of development is advancing and the team expects to break ground on 252 units of affordable, rental housing and 20+ units of for-sale townhomes in late 2025.
We will definitely make sure that flyers are more widely distributed besides just Durham Housing Authority’s website and email list. We will canvas neighborhoods with flyers and yard signs notifying surrounding residents of future meetings.
The primary focus of the redevelopment as defined by the DHA Downtown and Neighborhood Plan (DDNP) is to create affordable residential communities that will include both multifamily rental as well as homeownership in addition to commercial real estate.
Housing where households pay no more than 30% of their income for housing costs.
The buildings will be designed and density will be scaled to create a cohesive community and integrate within the existing building typologies, circulation patterns, and neighborhood fabric.
We understand and will strive to create walkable streets with all the buildings facing outward towards the street so as not to see the rear of a building.
Architect: Moseley
Civil Engineer: Bolton - Menk
C. Herman Construction
Durham Community Partners has not engaged a management agent yet, but will be doing so before closing in 2025.
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