CHARLOTTE, N.C. — Habitat for Humanity of the Charlotte Region announced a partnership that it said will result in more affordable homes for Charlotte-area families.
Habitat Charlotte Region said it is teaming up with Kingdom Development Partners and Harmon Construction Services to create a whole new neighborhood comprised of 83 townhomes.
The organization said that half of the 83 townhomes in the community will be sold at market rates and half will be sold to families in the Habitat for Humanity program.
The neighborhood, to be located in northeast Charlotte, will be called Carya Pond.
"While Habitat Charlotte has a 40-year history of building quality, affordable homes with staff, volunteers, and partner families, this development represents a new chapter in our commitment to nurturing diverse, inclusive communities,” said Laura Belcher, Habitat Charlotte Region CEO, in a statement.
The three organizations signed an agreement last week and said they expect to begin work on the project "immediately."
“By combining our resources with the expertise of Kingdom Development Partners and Harmon Construction, we can create a vibrant community in addition to building homes and hope,” Belcher said.
Carya Pond will be made up of 40 Habitat units and 43 units to be sold on the open market, "symbolizing a blend of Habitat's homeownership mission and market-rate housing," the organization said.
Habitat will finance and prepare the land for construction and the two local development companies will build the townhomes.
When the construction is finished, Habitat will purchase 40 homes.
"This collaboration highlights what KDP is all about—creating mixed income communities to transform lives through home ownership," said James Scruggs, CEO of Kingdom Development Partners, adding, “Our partnership with Habitat for Humanity and Harmon Construction is built upon a shared commitment to equitable housing and fostering vibrant neighborhoods in Charlotte. We are beyond excited to be a part of this project."
The $24 million project is set to be fully completed in 2027.
Habitat said it will occur in four phases, with 16 Habitat townhomes planned for completion in 2025.
"Joining forces with Habitat for Humanity Charlotte Region for the Carya Pond project is a milestone for Harmon Construction Services. This collaboration embodies our commitment to sustainable development and community betterment. It's not just about building homes; it's about fostering a brighter future for our community. We are honored to contribute to this significant venture, marking a step forward in our mission for societal advancement and environmental responsibility," Tyrone Harmon, CEO of Harmon Construction, said in a statement.
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