As the affordable communities funded by Forever Home, Durham move forward, updates will be posted here. Please visit this page for the latest information on specific residential development efforts and a broad range of housing service programs. We are excited to share the news of the progress being made.
The new construction of 72 rental homes for families is the first of five planned phases to redevelop the combined 519 East Main and Liberty Street Apartments sites. DHA has partnered with Laurel Street Residential as co-developer. Total development cost: $20M for the first phase; City gap funding: $2.5M. The City expects to provide gap financing for future phases.
Willard Street Apartments (new construction)
This initiative includes the new construction of 82 affordable apartment homes for families on a downtown site formerly owned by the City of Durham. The project was completed by DHIC/Self Help in March 2021 and leasing is underway.
JJ Henderson Tower (renovation)
The complete rehabilitation and update of 178 rental homes serving low-income elderly households is underway. Residents are living on-site while their apartments are renovated. DHA, which owns the property, has partnered with California Commercial Investment Group and the Florian Group on the renovation. Total development cost: $31.2M; City gap funding: $2.9M.
JJ Henderson Apartments (new)
Adjacent to the existing JJ Henderson Tower, new construction of 80 affordable rental homes for elderly households started summer 2021. DHA has partnered with Laurel Street Residential on this development. Total development cost: $16.2M; City gap funding: $3M.
Laurel Oaks (renovation)
The rehabilitation of 30 family apartment homes owned by DHA was completed in March 2021. Total development cost: $1,799,121; City gap funding: $800,000.
Ross Road Apartments (renovation)
This 42-unit property was purchased from a private owner by Reinvestment Partners, a nonprofit affordable housing developer, and is being completely renovated. Total renovation cost: $4,683,270; City gap funding: $2,348,270.