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Henderson, NC Hope VI Phase II Revitalization Project

Henderson, N.C. – (April 1, 2010) – Rehab Development is pleased to announce that the buildings for the second Hope VI Main Street Revitalization project have been identified and development work has begun. The project will consist of the three buildings located at 133, 206 and 221 S. Garnett Street. The project will bring an additional 10 loft apartment units to downtown Henderson and is expected to begin construction in the fall of 2010. Environmental and Historical reviews have commenced and Architectural plans have been completed.

“It is great to once again work with Rehab Development on the revitalization of some of our historic buildings. These apartments will enhance the rebuilding of our downtown economy by generating additional traffic and amenities. The staff of Rehab Development continually seeks ways to bring charm and value to our historic district” states Bill Edwards, President of the Henderson-Vance Chamber of Commerce.”

The Main Street area revitalization efforts seek to rejuvenate older, downtown business districts while retaining the area’s traditional and Historic character. The purpose of the HOPE VI Main Street Program is to provide assistance to smaller communities in the development of affordable housing that is undertaken in connection with a Main Street revitalization effort. Obsolete commercial offices or buildings can be reconfigured into rent producing affordable housing.