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High Point council approves conveyance of five lots and $230,737 CHDO gap funding for affordable housing
Summary
The council approved conveying five parcels to Community Housing Solutions of Guilford and authorized a CHDO agreement providing $230,737.70 in city gap financing for construction of three affordable single‑family units in the South Side community.
High Point City Council approved a conveyance of five lots to Community Housing Solutions of Guilford and authorized a Community Housing Development Organization (CHDO) agreement providing $230,737.70 in city gap financing for construction of three affordable single‑family homes in the South Side neighborhood.
The agreement and resolution were presented by Community Development Director Nina Wilson. Wilson told the council the conveyance and CHDO agreement will continue the city’s infill housing efforts and that…
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