Durham City Council Awards $4 Million Grant to Purchase Fayette Place | News
News
INDY Week's news blog

Archives | RSS

Tuesday, June 6, 2017

Durham City Council Awards $4 Million Grant to Purchase Fayette Place

Posted by on Tue, Jun 6, 2017 at 6:29 AM

The Durham City Council on Monday night approved a $4.162 million grant that will allow the Durham Housing Authority to buy back twenty acres of vacant land known as Fayette Place.

The money will come from the city’s general fund and can only be used to acquire the land and maintain it until it is sold or developed.

Development Ventures Incorporated, a real estate development company controlled by the Housing Authority, and Campus Apartments, which currently owns the land, have agreed to close on the deal no later than June 16. The contract stipulates that Durham Housing Authority cannot sell or transfer the property without written consent from the city.

Campus Apartments bought the property, bounded by Fayetteville, Umstead, and Merrick streets, in 2007 with the condition that it would develop a certain amount of affordable housing for students at nearby N.C. Central. 
click to enlarge 170501_ab_fayetteplace_0016.jpg

The Philadelphia-based company never followed through on that agreement, and the property has sat vacant since Campus Apartments cleared the site in 2009 of everything but the foundations of a former public housing complex.

If the conditions of the sale were not met, the Durham Housing Authority had the option to buy back the land by August 6, 2017. The housing authority declared Campus Apartments in default of the contract in November, beginning the process of reacquiring the land.

The site had been the location of the Fayetteville Street public housing complex, which was built in 1967. In 2002, the housing authority sought to convert the site into for-profit public housing, but those plans were never realized. In 2007, Fayette Place was sold to Campus Apartments for $4 million.

"When we purchased the property, we had every intention to develop affordable student housing in partnership with N.C. Central University; however, the original plan did not come to fruition,” a Campus Apartments spokesperson said in an email to the INDY last month. (NCCU, for its part, said it “did not have a role" in plans to convert the site for student housing, and a spokesperson could not answer why the school in 2010 decided not to participate in the arrangement.)

The city’s Community Development Department is tasked with monitoring how the grant is spent. The redeveloped site must include affordable housing and can include market-rate housing or nonresidential uses, like office or retail space. The housing authority must also work with the city to create “a community engagement program to provide meaningful opportunities for the Durham community, including but not limited to the Hayti and North Carolina Central University communities, to contribute input in connection with the redevelopment of the Site and the surrounding area.”

A project schedule says landscaping will begin on June 30, and by September, community input will be sought.

Tags: , , , ,

Pin It

Comments

Subscribe to this thread:

Add a comment

INDY Week publishes all kinds of comments, but we don't publish everything.

  • Comments that are not contributing to the conversation will be removed.
  • Comments that include ad hominem attacks will also be removed.
  • Please do not copy and paste the full text of a press release.

Permitted HTML:
  • To create paragraphs in your comment, type <p> at the start of a paragraph and </p> at the end of each paragraph.
  • To create bold text, type <b>bolded text</b> (please note the closing tag, </b>).
  • To create italicized text, type <i>italicized text</i> (please note the closing tag, </i>).
  • Proper web addresses will automatically become links.

Latest in News



Twitter Activity

Comments

It would have better served the community to televise the debate on one of the local news channels. Many of …

by K. K. on Raleigh Mayoral Rivals Nancy McFarlane, Charles Francis to Tape Debate That Will Air Friday and Sunday (News)

According to this reporting, Mayor Bell seems to be endorsing Ali primarily to keep Steve Schewel on the Council because …

by Linda Belans on Bill Bell Endorses Farad Ali for Mayor of Durham (News)

Most Recent Comments

It would have better served the community to televise the debate on one of the local news channels. Many of …

by K. K. on Raleigh Mayoral Rivals Nancy McFarlane, Charles Francis to Tape Debate That Will Air Friday and Sunday (News)

According to this reporting, Mayor Bell seems to be endorsing Ali primarily to keep Steve Schewel on the Council because …

by Linda Belans on Bill Bell Endorses Farad Ali for Mayor of Durham (News)

So I guess the only question open in this election is:
Who, if anyone, does Pierce Freelon endorse?
(As …

by JoeJoey on Bill Bell Endorses Farad Ali for Mayor of Durham (News)

Yes, I really hope this is put on YouTube or something. It would maximize voter reach, especially as there are …

by JohnnyDollar on Raleigh Mayoral Rivals Nancy McFarlane, Charles Francis to Tape Debate That Will Air Friday and Sunday (News)

We are lucky to have had such a primary field of bright, excellent, visionary candidates for Mayor of Durham, and …

by Sam M-B on Bill Bell Endorses Farad Ali for Mayor of Durham (News)

© 2017 Indy Week • 320 E. Chapel Hill St., Suite 200, Durham, NC 27701 • phone 919-286-1972 • fax 919-286-4274
RSS Feeds | Powered by Foundation