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An Exciting Acquisition for DCLT
In December 2016, DCLT seized an unusual opportunity to purchase 54 units of existing, scattered-site affordable homes from a private seller in East Durham.
This acquisition greatly expanded our portfolio of rental properties. These properties – some multi-family buildings, some duplexes, some single-family homes – are all occupied but are not up to the standard of quality that DCLT generally provides to its residents. These homes have not been invested in for many years and are in need of substantial renovation.
DCLT acquired these homes in December 2016 with a loan from Self-Help, but this project will require grant help since repairing and rehabbing property is expensive.
The City of Durham plans to finance much of the cost to rehab these homes. DCLT aims to raise other funds for a significant part of the work to provide stable, energy-efficient homes for 54 low-income households. Together we can make them an asset to the whole community. If you want to help, consider making a secure online donation and becoming a monthly sustainer through Network for Good. DCLT started renovations in the summer of 2018.
This neighborhood is still in development. Please join our newsletter below for updates.