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01/20/16 Hope Court Construction Complete
Hope Court Construction Complete

Press Contact: David B. Levy

AHM Executive Director
336-273-0568 or dlevy@ahmi.org



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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