June 20--DURHAM -- Three area affordable housing units will receive $1.45 million in housing grants from the Federal Home Loan Bank of Atlanta.
The grants will allow for the rehabilitation of 169 rental units.
Sen. Kay Hagan made the announcement Friday.
"One of the toughest challenges that our communities face today is ensuring that all North Carolinians have a safe and affordable place to call home," Hagan said. Hagan is a member of the Senate Banking Committee, which recently passed a bill based on bipartisan legislation modernizing and reforming the country's housing finance system.
The grant money will go to affordable housing units in Chapel Hill, Durham and Roxboro.
Durham Resume Mission Ministries, Inc., will receive $450,000 for the renovation of the New Beginnings Building.
Rescue Mission could not be reached for comment on Friday afternoon.
The Inter-faith Council for Social Service in Chapel Hill will receive $500,000 for the construction of a new transition and shelter housing for homeless men.
That money caps a campaign to raise $5.76 million for the new building which would offer a permanent space for 52 men at a time in Orange County.
John Dorward, IFC's executive director, said the campaign has taken a couple of years, but receiving the grant means they can move forward with the plans.
"We were really excited (to receive the grant)," he said. "It gets us the last of our money to build our new building."
Dorward hopes to start construction on in July.
The building would offer not only a space to live, but also opportunities for education and job training. It would be the first permanent housing facility for homeless men in Orange County for almost 29 years, Dorward said.
"(The grant) being the final piece of that puzzle, makes us extremely happy," he said. "To have finished off a successful campaign ... That's a huge thing."
The Windridge Apartments in Roxboro will receive $500,000 for the construction of a new 60-unit project for low-income families. The units will include 42 two-bedroom unit and 18 three-bedroom units.
"This funding will help spur economic development, create jobs, and strengthen communities in Chapel Hill, Durham, and Roxboro, improving the quality of life for North Carolina families," Hagan said in a press release from her office.
The FHLBank's Affordable Housing Program has supported 353 projects and assisted 13,365 affordable housing units in North Carolina since 1990.
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