Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Winfield Properties updates council on Walnut Ridge, Baker & Main and other projects
Summary
Winfield Properties updated council on Walnut Ridge (revised to two stories, $14 million, 60 units), Baker & Main (72-unit pre-application to NC Housing Finance Agency for LIHTC targeting 40–80% AMI), and other pipeline projects including Flats at Old Winston and Brentwood site planning.
Craig Stone of Winfield Properties briefed the council on several affordable housing projects in various stages of development and financing, including a site-plan revision at Walnut Ridge, a LIHTC pre-application for Baker & Main, and progress on the Flats at Old Winston.
On Walnut Ridge, Stone said the developer revised an earlier three-story design to a two-story plan following community concerns about building height. “It was originally awarded as a 3 story project… That award allowed us to move forward without reducing any units,” Stone said, noting the project has secured a competitive award from the Federal Home Loan Bank of Atlanta that…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
