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Charlotte Real Estate, Development, and Construction News: Mecklenburg Times > News > Commercial Real Estate > Renovation Report: New Hope Apartments
Renovation Report: New Hope Apartments
When Brenda Hayden first set her eyes on the foreclosed and defunct 22-unit apartment complex that Builders of Hope was considering transforming into an affordable-housing development in west Charlotte, one word came to mind: uninhabitable. Despite the squalor -- three people were squatting in the three blighted buildings on Rowan Street -- BOH bought the property in 2009 with a neighborhood stabilization grant from the U.S. Department of Housing and Urban Development, said Hayden, Charlotte-area director of BOH, which is based in Raleigh.
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