Lately, governments in Greensboro and the surrounding area has been all about finding enough places for future masses of people to live – especially affordably – and this week some progress was made in that direction: Greensboro is set to gain more affordable housing thanks to new funding from the North Carolina Housing Finance Agency’s 2025 Low-Income Housing Tax Credit awards.
Two projects –The Grayson at Randleman Crossing and Overland Place Apartments – will bring a total of 132 affordable homes to the city.
Construction is expected to begin in 2026.
City housing bond money will be used to support both developments.
The Grayson at Randleman Crossing will be built at 2813 Randleman Road by Affordable North Carolina Housing Organization, which is a Winston-Salem nonprofit.
The $21.7 million project will create 84 “family-friendly” units, with $3 million in local bond loans helping to make it possible.
Overland Place Apartments will be built at 3808 Overland Heights. That $14.6 million project – developed by Overland Place LLC and led by High Point architect Carlos Sanchez – will provide 48 new homes.
The City of Greensboro is contributing an $850,000 bond loan toward the effort.
Both projects will serve households at a range of incomes, from very low earners to families with incomes closer to the city’s average wages.
Greensboro officials said this week that the funding reflects a much broader push to expand housing options through the city’s Road to 10,000 initiative, which is hoping to add or preserve 10,000 homes in the coming years.
These latest awards add to a growing list of tax credit-supported projects in Greensboro.
Three other developments funded last year – Windhill Development, Vandalia Acres and Yanceyville II – are scheduled to break ground this fall. They’ll bring another 204 units on line.
Combined, the five active projects represent more than $46 million in development and nearly 340 affordable homes.
Greensboro officials say the effort is critical in a city where the need for affordable rental housing continues to climb.
Guilford County government, in an effort being led by Chairman of the Guilford County Board of Commissioners, is also drawing up a massive new housing plan later this year.
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And what new roads or road widening projects are they putting in place to accommodate all these new drivers?
They’re surely not going to condemn us all to gridlock and congestion…?
Scott, I recently read in an archive letter that the city has leased 2 40ft RV’s that would supposedly house 14 people in each one. Where are the RV’s set up. I’d like to see how 14 people could possibly stay in a 40ft. camper. I have a 32 ft. and it’s a stretch to camp with 6 people. What are the details about this since nothing has been on the news about it.
Will see what I can find out. Thanks.