Press Contact:
David B. Levy
AHM Executive Director
336-273-0568 or dlevy@ahmi.org
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AFFORDABLE HOUSING MANAGEMENT COMPLETES CONSTRUCTION OF NEW AFFORDABLE
APARTMENTS IN GREENSBORO AND CELEBRATES ITS 45TH ANNIVERSARY
GREENSBORO,
NC – Affordable Housing Management, Inc. (“AHM”) which is celebrating its 45th
year anniversary, announced it recently completed construction on the Hope Court
development, a 16-unit supportive apartment community located near the
intersection of Gate City Blvd. (High Point Rd) and Holden Road. The property offers one, two, and three
bedroom non-smoking apartments affordable to individuals and families earning
below fifty percent (50%) of Area Median Income. Six units are reserved for
households with a disabled or formerly homeless member.
To
commemorate the new property and to celebrate its 45th year of operations,
a ribbon cutting celebration is scheduled for 3:00 p.m. January 20, 2016 at 3701
Hope Court. U.S. Congresswoman Alma
Adams and Mayor Nancy Vaughan will be the key speakers. David Levy, AHM Executive Director, said, “We
are thrilled to have Congresswoman Adams and Mayor Vaughan make time in their
schedules to address the opening of this beautiful affordable property and
acknowledge AHM’s 45 years as a Greensboro nonprofit that develops and manages
affordable housing apartments. This shows their commitment to affordable
housing in Greensboro and we are honored to have them as speakers.”
Hope Court
is certified Energy Star Version 3.0 and National Association of Home Builders
Green Building Standard Gold level. Hope
Court features spacious one-, two-, and three bedroom units with two full baths
in the two- and three-bedroom units. All appliances, including washer and
dryers, are included in each unit. There is tot lot playground and picnic
area. The community is non-smoking with
an exterior smoking area provided.
Hope Court
is funded by the City of Greensboro (Federal HOME funds), the North Carolina
Housing Finance Agency (NCHFA) – Supportive Housing Development Program (NC
Trust Funds), and AHM. Additionally,
grants were provided by Federal Home Loan Bank of Pittsburgh, Wells Fargo
Foundation, Community Foundation of Greater Greensboro and the Lookout Foundation.
Supportive
services and referrals are being provided by the Greensboro Housing Coalition
(GHC) and United Way of Greensboro.
Brett Byerly, Executive Director of GHC said, “Building more affordable
housing is crucial to Greensboro’s long term growth and community health. Developments such as Hope Court that
emphasize energy efficiency, proximity to food and infrastructure, and
connection to supportive services for residents are crucial to both resident
and community sustainability.”
In addition
to Hope Court, AHM is nearly finished with a major rehab at one of its existing
apartment communities, Berryman Square, in northeast Greensboro. In the spring of 2016, AHM will begin
construction of Sumner Ridge, a 72-unit affordable multi-family community on
Old Randleman Road. AHM has developed
1,661 affordable apartment units in its forty-five years of operations.
AHM,
formerly known as Greater Greensboro Housing Foundation, is a private nonprofit
organization whose mission is to provide quality affordable rental housing for
low to moderate income households, including the elderly and disabled. AHM’s
mission is accomplished through the development and management of affordable
apartments for those households. AHM is located at 330 South Greene Street,
Suite B-11. For more information on AHM,
call 336.273.0568 Ext. 126, email info@ahmi.org or visit www.ahmi.org.
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