The nonprofit Charlotte Mecklenburg Housing Partnership has received a $500,000 grant to help stabilize and revitalize the Druid Hills neighborhood, in the fast-changing area that’s become known as Charlotte’s North End.
The one-time grant is part of the Project Reinvest for Neighborhoods program from NeighborWorks America, a national nonprofit group.
“Grants like this are critical to assist us in extending affordable homeownership in areas where low- to moderate-income buyers may be priced out of the market,” said Julie Porter, president of The Housing Partnership, in a statement. “At the same time, we are also committed to increasing community economic development by purchasing and demolishing problem properties in viable commercial corridors.”
The group plans to use the funds to remediate known environmental hazards in the neighborhood, acquire blighted and vacant parcels, and develop new homes that would be sold to people whose incomes are 80 percent or less than the area’s median amount.
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Near Druid Hills, the Housing Partnership has led the redevelopment of Brightwalk, a mixed-income community on the site of the former Double Oaks low-income project.