HEART AND HOPE PLACE
- Melissa Nicole Allen
- Apr 7
- 2 min read
Updated: Apr 29
The redevelopment of the property located on the 3400 block of North Dr. Martin Luther King Jr. Drive has sparked future development opportunities.
This previously vacant property has been transformed into a four-story mixed-use building that offers 24 apartment units, creating a nurturing environment for families. The development is designed for individuals and families earning at or below 60% of the County Median Income. Amenities include covered parking, air conditioning, a washer and dryer, a stove, a refrigerator, a microwave, a dishwasher, a garbage disposal, and central air. The building also features a selection of handicap-accessible units. Additionally, artwork from a renowned local artist is prominently displayed at street level.
Heart & Hope Place builds on the current and ongoing efforts of key stakeholders. The Local Initiative Support Corporation completed the Harambee Great Neighborhood Plan, which indicated that housing was the most critical issue for revitalizing the community at that time.
Many vacant lots were identified, highlighting a great need and opportunity to rebuild the neighborhood. Through focused efforts and effective leadership, Heart & Hope Place has energized the area with quality affordable housing.
The development team is dedicated to collaborating with community partners in the Harambee Neighborhood to create a sense of place by providing affordable housing in a beautiful setting.
Heart & Hope Place is situated in the Harambee Neighborhood, home to long-term residents who take great pride in their community and are committed to strengthening the area. "Harambee" is a Swahili word meaning "pulling together."
Development partner: Brinshore Development
Heart & Hope Place utilized the following funding sources:
- $3,857,969 Investor Equity
- $1,476,013 Section 1602 Exchange Funds
- $300,000 Permanent Financing
- $115,902 Deferred Developer Fees