The residents and staff at Kensington Village Apartments will remain and join the CHP family. ( Read more about the financing for Kensington Village.)Īccording to Anderson, Kensington Village Apartments provides homes that “enable people that work within the communities and cities to live there.” She added, “Sometimes housing prices are rising so much that people who work within the community can’t always afford to live in it.” All rents are affordable to families earning 80% of the area median income, or approximately $49,000, due to a HUD deed restriction and a loan from the City of Winston-Salem. The apartment community, which is five miles from downtown Winston-Salem and was renovated in 2009, is an example of affordable housing preservation without the use of Low-Income Housing Tax Credits.
“We have a growing multi-family rental portfolio across six states in the Southeast and Mid-Atlantic, and Kensington Village will be a welcome addition to our North Carolina presence.” “Community Housing Partners is excited about the opportunity to serve the residents at Kensington Village Apartments and the greater Winston-Salem area,” said Kirsten Anderson, Vice President of Asset Management at CHP. 1500 Zuider Zee Dr, Winston-Salem, NC 27127. Dog & Cat Friendly Fitness Center Pool Dishwasher In Unit Washer & Dryer Walk-In Closets Playground Tennis. Kensington Village joins five other CHP apartment communities in the Tar Heel State. 4981 Hunt Club Rd, Winston-Salem, NC 27104. Closing costs are fees charged by Allegacy at the closing of the transaction that may include property title search, flood certification and if deemed necessary, an appraisal fee.Community Housing Partners (CHP), a Virginia-based nonprofit provider of affordable and sustainable housing across the Southeast and Mid-Atlantic, has purchased a 142-unit apartment complex in Winston-Salem, North Carolina for $6.4 million.ĬHP closed on Kensington Village Apartments, which features one-, two-, and three-bedroom apartments in 17 buildings spread over 12.5 acres, on May 31.
Qualifying states pay little to no closing costs. Taxes and insurance not included, your actual payment obligation will be higher. For example, $100K loan for 10 years, at 5.77%, would have an approximate payment of $1, 098.69. Mortgage Eliminator Loans for primary or secondary residence are available in California, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia, and West Virginia. Apartment Finder & Rental Service Apartments Real Estate Rental Service. All Allegacy real estate secured loans are subject to legal requirements in the member’s state of primary residence. Emergency maintenance line does not work and maintenance just walk in on you without even calling or knocking. As of, rates as low as 5.77% with terms of 7, 8, 9, 10, 12, or 15 years. Rates, terms, and products subject to change without notice. The survey was based on the issuance of building permits and interviews with. Rates are based on your credit history and profile. ³ All loans are subject to credit approval. Apartment rent in Winston-Salem has increased by 2.4 in the past year. Winston Salem Charlotte Greensboro Raleigh Durham Asheville, NC 28805. As of July 2023, the average apartment rent in Winston-Salem, NC is 988 for a studio, 864 for one bedroom, 1,377 for two bedrooms, and 1,042 for three bedrooms. Fees could reduce the earnings on the account. Low Income Apartments Asheville Nc46 Saint Dunstan C Asheville, NC - 28803. Balances of $25,000 or more earn a variable rate of 0.10% APY. 3.00% APY is a variable rate and is effective as of 6/1/23. Requirements include: eStatements, 20 check card transactions and direct deposit (or ACH debit) per cycle. Higher dividend rate is based on meeting all SmartRate Checking requirements. Rates, terms and products subject to change without notice. All loans are subject to credit approval.
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