The Southside project area consists of approximately 125 acres located on the southern edge of downtown Durham and just north of North Carolina Central University (NCCU). Boundaries of the project area are generally Lakewood Avenue on the north, and American Tobacco Trail on the west, Umstead Street on the south and Fayetteville Street on the east.
After years of economic disinvestment, the area was found to contain the highest concentration of vacant properties of any Durham neighborhood and one of the lowest rates of homeownership. Despite the historic disinvestment that occurred, Southside has certain strategic advantages over other challenged Durham neighborhoods:
1. Its proximity to downtown, Forest Hills and other stable neighborhoods, NCCU and the Durham freeway
2. The area is relatively small, compact and manageable
To increase the supply of affordable rental housing in our community, the City partnered with McCormack Baron Salazar, Inc. to develop the former Rolling Hills site as part of the Southside revitalization effort. The site consisting of approximately 20 acres will be developed in three phases (see phasing plan).
Phase I, now identified as the Lofts at Southside is complete. The development consisted of 132 multi-family rental units with eighty of the units being marketed to households at 60% or below the Area Median Income (AMI). The remaining fifty-two units are available to market rate households. Providing financing for the Phase I development were, the Department of Housing and Urban Development (HUD), the North Carolina Housing Finance Agency, the City of Durham, U.S. Bank and McCormack Baron Salazar, Inc.
The Phase II development is currently underway. It will consist of eighty-five multi-family units with fifty-eight of the units being marketed to households at 60% or below the AMI. Financing for the development is being provided by HUD, the North Carolina Housing Finance Agency, the City of Durham, U.S. Bank, and McCormack Baron Salazar, Inc. The anticipated completion date is December of 2017.
Amenities include a computer room, exercise room, community supportive services, a community room, picnic areas and an outdoor swimming pool.
For inquiries regarding Southside multi-family rental units contact the management office at 919-973-2183 or via email at firstname.lastname@example.org.
After preparing forty-eight lots in the Southside community for development of single family homeownership, the City, through a Request for Qualifications (RFQ) process, selected two General Contractors to construct the units. Phase I has been completed with the sale and occupancy of the forty-eight homes. Providing financing for the site preparation and infrastructure improvements were the Department of Housing and Urban Development and the City of Durham. The North Carolina Housing Finance Agency, the City of Durham, the Community Center for Self Help, Duke University, and various lending institutions provided mortgage financing for the development effort. The success of the homeownership development continues to spur private development activity in and around the new Southside neighborhood.
In 2015, the Southside revitalization effort received the prestigious Audrey Nelson Community Development Achievement Award in recognition of its creative use of federal HOME and Community Development Block Grant (CDBG) dollars to assist in transforming the Southside neighborhood. The award was presented by the National Community Development Association.
The development also received the 2015 Housing North Carolina Award from the North Carolina Housing Finance Agency.