During last week’s committee meetings, Winston-Salem councilmembers unanimously approved the sale of a lot in the North Ward to Clayton Homes for $1, along with $824,272 in state ARPA funding. Clayton Homes already has a construction loan of $4.75 million, but the city funding will help fill the financial gap as they work to build 22 modular homes with three bedrooms and two bathrooms each. The location is near Esquire Place and Cheshire Woods Drive, and the proposed development site is 7.27 acres.

The item is set to appear at next week’s council meeting on Monday.

Tanya Skillman, the city’s housing development manager, explained that the city is offering the money as a “forgivable loan” with zero interest during the 15-20 months it takes the developers to build the homes.

Skillman added that this gives the city some “rights if there’s something that happens.”

“The loan will be forgiven as each of the lots are sold,” Skillman said.

One of the houses on Clayton Homes’ website costs nearly $225,000.

“We’re getting 22 affordable housing units out of this deal?” Councilmember John Larson asked.

Skillman replied, “Yes, sir.”

The appraised value of these homes is $253,376 according to city documents. However, when the lots are sold, the city will provide the homebuyers with a 15-year down payment assistance loan. The subsidized sales price for six of these houses will be $205,000 while the other 16 will be $220,000. Eight of these homes can go to households 80 percent or less of the area median income, or AMI. According to the city, the median family income in Winston-Salem is $68,900. A family of four with an annual income of $55,100 would qualify. The remaining 14 homes could go to families making between 81-120 percent AMI. Additionally, the houses will be subject to a 15-year affordability period.

All CityBeat reporting content is made possible by a grant from the NC Local News Lab Fund, available to republish for free by any news outlet who cares to use it. Learn More ↗

Republish this story 🞬

Republishing Content

All content created for the CityBeat— photos, illustrations and text — is licensed under Creative Commons Attribution-No Derivatives 4.0 license (CCA-ND).

These republishing rules DO NOT apply to all of our content. The CityBeat is a nonprofit-funded position that specifically reports on city council business in Winston-Salem and Greensboro.

You are free to republish all content from the CityBeat under the following conditions:

  • Please copy and paste an html tracking code into articles you post online, allowing us to access analytics on our work.
    It can be dropped onto the page right beneath the copyable content, available below.

    If your site is using Google Analytics already:

    <script>
    gtag('config', 'UA-49884744-1');
    gtag('event', 'page_view', {
        page_title: 'City leaders approve the sale of North Ward lot designated for “affordable housing units”',
        page_location: 'https://triad-city-beat.com/city-leaders-approve-the-sale-of-north-ward-lot-designated-for-affordable-housing-units/',
        send_to: 'UA-49884744-1'
    });
</script>

    If your site is not using Google Analytics: 

    <script async src="https://www.googletagmanager.com/gtag/js?id=UA-49884744-1"></script>
<script>
    window.dataLayer = window.dataLayer || [];
    function gtag(){dataLayer.push(arguments);}
    gtag('js', new Date());
    gtag('config', 'UA-49884744-1');
    gtag('event', 'page_view', {
        page_title: 'City leaders approve the sale of North Ward lot designated for “affordable housing units”',
        page_location: 'https://triad-city-beat.com/city-leaders-approve-the-sale-of-north-ward-lot-designated-for-affordable-housing-units/',
        send_to: 'UA-49884744-1'
    });
</script>

  • Please use our bylines with attribution to Triad City Beat with a live link to our website: "by Gale Melcher/Triad City Beat"
  • At the bottom of the article (print or web) please include this text (links may be hyperlinked online):

    "Triad City Beat is an independent, for-profit news source serving the cities of the NC Piedmont Triad in Guilford and Forsyth counties, online at triad-city-beat.com.
    CityBeat content is funded by a grant from the NC Local News Lab Fund, online at nclocalnews.org."

  • If you have any questions, please contact Brian Clarey at [email protected]

Join the First Amendment Society, a membership that goes directly to funding TCB‘s newsroom.

We believe that reporting can save the world.

The TCB First Amendment Society recognizes the vital role of a free, unfettered press with a bundling of local experiences designed to build community, and unique engagements with our newsroom that will help you understand, and shape, local journalism’s critical role in uplifting the people in our cities.

All revenue goes directly into the newsroom as reporters’ salaries and freelance commissions.

⚡ Join The Society ⚡