A proposed apartment development in Winston-Salem, which the developer is describing as a “gateway into the city,” is facing an uphill battle. City planning staff is recommending against approval for the project, but its fate will be determined at a planning board meeting tonight (August 10, 2017).
Despite the planning staff’s recommendation, the project could get through the approval process because the developer, Daniel Donathan, has set aside 15% of the units for “reduced subsidized rentals” which addresses a key concern of city leaders: a dearth of affordable housing units in the city. From an article in the Winston-Salem Journal:
Monthly rent for the majority of the apartments is expected to range from $1,400 to $1,700.
But plans are to have 15 percent of the new apartments available “for reduced subsidized rental” at an estimated monthly rate of $650 to $750, Donathan said.
“I’m talking about having the possibility of those people that we relocate coming back into the same area,” he said.
Overall, the proposed project would result in 144 units and would be located between Peters Creek Parkway and Fourth Street, just south of Business 40.