Development partnership clears construction hurdle

THE PARK CHURCH

An artist’s rendering of the proposed affordable housing community on property owned by The Park Church in west Charlotte. City Council approved rezoning the area for a mixed-used neighborhood that includes 320 units with 88 single-family homes and 95 attached townhouses.

One of the largest congregations in Charlotte is a step closer to expanding its development footprint.

City Council last month rezoned 30 acres owned by The Park Church for construction of mixed-use affordable housing along Beatties Ford Road. The initiative includes  320 units that includes 88 single-family homes and 95 attached townhomes. The development also includes 125 multi-family units, including affordable senior housing and 12 accessory dwelling units built on lots shared with other housing.

The Park Community Development Corporation is the development partner and will oversee the design phase.

“This rezoning approval represents the unfolding of a vision rooted in faith, stewardship, and love of community,” Bishop Claude Alexander, senior pastor at The Park Church said in a statement. “For more than 25 years, we have believed housing can be a pathway to dignity, stability, and opportunity, and this moment reflects what is possible when faith, public leadership, and responsible partners work together for the good of the community.”

Bishop Claude Alexander, senior pastor at The Park Church.

The homes are valued between $325,000-$375,000 and targeted for households within 80–120% of area median income range.

The church contributed land at a discount, invested private capital and financial literacy and wealth-building programs along with construction partner True Homes, which is building units at cost.

Buyers are projected to move in with an average of $50,000 in equity on the path to building generational wealth. The project is projected to generate more than $89 million in collective community wealth over 15 years.

“This project reflects Bishop Alexander’s long-standing vision, the diligent leadership of The Park CDC, and the power of intentional partnerships said Dan Horner, True Homes’ co-founder. “By building at cost and committing a portion of our annual homebuilding to attainable housing, we are expanding access to homeownership and creating meaningful, lasting community impact.”

Said Marcus Kornegay, executive director of developer Prosperity Alliance: “This milestone brings us closer to fulfilling Bishop Alexander’s vision of creating real pathways to generational wealth through attainable homeownership. Together, we are committed to stewarding this land to empower families, strengthen the community, and create lasting opportunity for generations to come.”

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