March 18. The Town of Davidson is poised to receive federal funding for its affordable housing program, specifically units being planned for the Hoke Townhomes project on Jetton Street. US Rep. Alma Adams (NC-12) said funding requests in the omnibus bill signed by President Biden this week included $400,000 for the development.

The money will enable the project to move forward and provide eight units on the ground for our community, according to Mayor Rusty Knox. “Affordable housing a is key initiative here, and we are thrilled to take this big step forward, together with our partners, to see this project come to fruition,” he said.

Adams

Knox, on behalf of the Town of Davidson Board of Commissioners, asked for Adams’ support in procuring federal funding last year. The board also appropriated $400,000 from the town’s affordable housing budget to build the rental units, which will serve families at 50-80 percent of area median income.

The total price for the units is $2.0 million, with the Davidson Housing Coalition taking out a loan for $1.2 million, and the Davidson Community Foundation raising $400,000 in private funds.