2024 year in review

2024 Achievements:

• Completed initial designs for the first 252-unit multifamily phase of the project 
• Submitted Low Income Housing Tax Credit Applications and secured remaining financing commitments to build out these 252 apartments, clubhouse, and amenities
• Submitted for City of Durham design and permitting approvals
• Began preparations for development of a third phase of Fayette Place – 68-unit senior apartment building and amenities
• Formed the Community Advisory Committee made up of local stakeholders to stay informed, engage in development and design team’s decision-making, and track progress of the overall Fayette Place redevelopment
• Completed initial designs for affordable, for-sale townhome phase to the northwest of Merrick Street
• Secured an anchor tenant for the future commercial phase at the corner of Merrick and E Umstead

Exciting things to come in 2025:

• Secure Low Income Housing Tax Credits for all 320 family and senior affordable, apartments under development
• Close and begin construction on the first 252 multifamily units
• Begin construction on the first 24 for-sale, townhome phase

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