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Four New Affordable Homes Unveiled in Lincoln Park

Post Date:07/09/2024 9:11 AM

Four new affordable homes are on the market in Greenville’s Lincoln Park neighborhood as the City of Greenville continues phase two of its partnership with a local builder.

The homes, located in the Lincoln Park neighborhood in West Greenville, are among six being constructed for $1.2 million by Bill Clark Homes as part of the second phase of an affordable housing initiative that began in 2019. Phase one was completed in 2021 and included four homes for $485,000.Lincoln Park Aerial

“After things leveled out a little bit or at least as much as they were going to after the pandemic, we felt like the time was right to have our second phase,” Neighborhood and Business Services Director Tiana Berryman said. “So, we broke ground on this phase in January of this year so we are happy that we are at the point now where we can put these homes on the market and try to find some interested buyers.”

As a part of the City’s affordable housing efforts, the city provides downpayment assistance for potential buyers. Assistance includes up to $40,000 toward a downpayment, while the State of North Carolina also makes up to $65,000 available for prospective buyers.

The new homes in Lincoln Park are listed in prices ranging in the mid to low $200,000s, while also ranging from 1,258 to 1,375 square feet. The homes also come with several amenities. The city has enlisted the help of Rebecca Bunn and her team at Influx Realty Company to help sell the homes.

“I want to thank the city of Greenville for allowing me to be the listing agent as I am from Greenville myself,” Realtor Rebecca Bunn said. “The biggest thing is to get people qualified and into these homes.”

Lincoln Park is one of several affordable housing projects developed as part of the City’s affordable housing initiative. Housing projects such as the recently opened Arlington Trace are also a part of this initiative as the City has worked to make it one of the most affordable rental properties in the community.

“We provide downpayment assistance city-wide and we also do owner-occupied rehab citywide, and we work with a variety of nonprofits to provide much-needed services for low to moderate-income citizens in our community,” Berryman said. “You would work with a realtor like you would with any other purchase and then the home buyer themselves would reach out to our staff and we will connect you with one of our program coordinators who handles our intake so once you have been able to qualify for a mortgage on your own, we will work in some of our layered subsidies.” 

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