Bond Housing Projects

The voters approved $6 million for housing/neighborhood development. As of October 1, 2021, five proposals have been approved, totaling $5.86, or 97.7%, of the housing/neighborhood development bonds.

Emmanuel Retirement Village

1687 Village Meadow Circle
Bond funding: $2.5 million

This project developed affordable rental property for seniors who can live independently with no services for assisted living or nursing home care. The development will consist of two-story multi-family structures containing 28 one-bedroom units, 11 duplex structures containing 22 two-bedroom units, and a community center for complex residents and the surrounding community.

New Hope Manor

1124 Burke Village Lane
Bond funding: $1.6 million

The Housing Authority of Winston-Salem would work with the City in the acquisition, demolition, and rehabilitation/repair at the New Hope Manor Apartments. HAWS would acquire the property, demolish seven of the 18 buildings, and perform rehab/repair and the remaining units. The property would be operated as rental housing with a total of 79 units. All the units would be two-bedrooms.

757 North

757 North Chestnut Street
Bond funding: $1.25 million

This project will assist in the development of 115 rental units. As part of the City's efforts to expand workforce housing opportunities a minimum of 25% of the units will be set aside as workforce housing units for households earning 80% of the area median income for ten years. After the initial ten-year affordability period, a minimum of 15% of the units will be available as workforce housing units for households earning 80% of the area median income for an additional twenty years.

Ridgewood Place

Ridgewood Place Drive
Bond funding: $675,000*

This project develops three- and four-bedroom homes with homebuyer assistance in the Ridgewood Place subdivision.
*Additional resources were utilized in the funding of this project due to the increased scope of work.