The Greensboro City Council at the Tuesday, Oct. 19 meeting is scheduled to approve a loan of over $3 million to turn a motel on US-29 in northeast Greensboro across from the Wal Mart shopping center into a homeless shelter.
According to the agenda, the City Council plans to approve a no interest deferred payment loan of $3 million to Partnership Homes Inc. to purchase the Regency Inn and Suites motel at 2701 N. OHenry Blvd. But that’s just a drop in the bucket for the total cost of the project, which is $13.1 million.
The proposal submitted by Partnership Homes calls for the motel to provide a non-congregate homeless shelter location through the winter partnering with the Interactive Resource Center (IRC), YWCA and Greensboro Urban Ministry.
The proposal calls for the future conversion of the motel to permanent supportive housing for the chronically homeless at a cost of $13.1 million. The City of Greensboro is contracting with the Corporation for Supportive Housing to provide technical assistance to convert the motel to supportive housing operations and provide options for rehabilitation financing.
The preliminary site design work has already been completed by Teague, Freyaldenhoven, Freyaldenhoven Architects and Planners LLP.
The purchase cost of the land and building appraised at $2.4 million is $2,750,000. The loan also covers $40,000 for repair and cleanup, $75,000 for architectural design, testing, surveying, attorney’s fees, inspection, insurance, a Phase I Environmental report and other expenses. Partnership Home Inc. receives a $100,000 administrative fee and there is $8,500 for furnishings and equipment, a $37,500 operating reserve, $20,000 contingency and $66,000 for other expenses.
According to the development budget, the initial $3 million loan from Greensboro is just the starting point for the costs of the project, which totals $13.1 million with total construction costs of $7.3 million, total soft costs of $1.6 million, developer and consultant fees of $904,000 and other expenses of $660,000.
As a city councilmember, Michelle Kennedy was unsuccessful in her attempts to get a permanent supportive housing project passed. As Director of the Neighborhood Development Department, Kennedy is in charge of the project for the city.
Following this funding rabbit hole should be interesting. Best of intentions but it is sad to just treat symptoms of a sick economy ,misguided policies, mass incarcerations, the failed drug war, and destruction of families and real religious institutions devoted only to their narrow self serving ministries.
For shame our society has castigated and shunned so many and for shame all the graft and skimming of taxdollars that will be thrown around without addressing any underlying causes. Typical liberal feelgood pandering at everyone’s expense.
Still keeping it in house for ex council members…what are the other 660k expenses?
WTF. I can’t wait to retire and move.
Michelle Kennedy.
CEO Interactive Resource Center(IRC) per form IRS 990. Her Salary-$80,500.
Lots of money about to be spent on this project.Someone should follow the money trail.Rhino????
Can’t wait to hear goldie or highwater say not in our neighborhood
Interesting as months ago I saw her and several
City code employees surveying this site. Seems like a conflict of interests.
Just can’t stop shaking my head!! This council just keeps giving the finger to ALL citizens of this city and not even ashamed of it . Don’t even try to hide the fact of taking care of each other or shutting up each other with our money, IT IS NOT THEIRS!! This city deserves so much better, there is NOT ONE PERSON ON THIS COUNCIL that should sit in any elected seat come March or April or whenever the heck the voting is. Wake up Greensboro .
US Department of Justice sued NC over housing for people which mental health illnesses and I will be in touch with NCDHHS!!! Kennedy needs to GO!!!
I know where there’s $900,000.00 they can use… Anyone???
You can’t fix stupid. Only vote them out!