PTAA’s 2019 High Point Election Voters Guide

The primaries for municipal elections in High Point are October 8, so please be sure to get out there and vote if you live in High Point. Over the last few weeks, representatives from PTAA have participated in interviews with candidates in every race, and the following recommendations are made based on the results of those interviews and past public service history of the candidates.

High Point City Council
Mayor – Jay Wagner (Incumbent)
Ward 1 – Cyril Jefferson
Ward 2 – Chris Williams (Incumbent)
Ward 3 – Monica Peters (Incumbent)
Ward 4 – Wesley Hudson (Incumbent)
Ward 5 – Vic Jones (Incumbent)
Ward 6 – Jason Ewing (Incumbent)
At-Large (Vote for up to two seats, two seats to fill):
Patrick Harman
Britt Moore (Incumbent)

Charlotte Builder Looking at North High Point Multi-Housing Project

North High Point is experiencing a significant amount of growth, and now it looks like the area might be getting a 600-unit housing development, including apartments. From an item in the Triad Business Journal:

The report says that Bunker Land Group LLC filed zoning applications with the city to build the units on about 80 acres near N.C. 66 and North Main Street, just south of Interstate 74.

Bunker wants to build 350 multifamily units, filling in the rest with single-family homes, twin homes and townhomes.

Wynnefield Looking to Add Affordable Units in High Point

Wynnefield Properties has applied for a rezoning in High Point with plans to construct a 96-unit affordable community off of Wendover Ave. From the Triad Business Journal:

The High Point Enterprise reports that High Point-based Wynnefield wants the city to rezone and annex 8.7 acres on the north side of Wendover Avenue, near Tarrant Road, for 96 apartments that it is classifying as affordable housing, meaning rents are below market rates and available to those earning less than 60 percent of the area’s median income.

Avondale Trace, as it would be named, would join Wynnefield’s other local developments, including the $10.2 million, 84-unit Kirwood Crossing, and the Addington Ridge and Admiral Pointe projects off Samet Drive. The Enterprise reports that it has another project, Hartley Ridge, under construction off Hartley Drive. 

Wynnefield, led by President Craig Stone, intends to finance the project through N.C. Housing Finance Agency tax credits and acity loan, as it has with the other developments. 

PTAA’s 2017 Municipal Election Voter’s Guide

The primaries for municipal elections in Greensboro and High Point are tomorrow, October 10, so please be sure to get out there and vote if you live in either city. Over the last few weeks, representatives from PTAA have participated in interviews with candidates in every race, and the following recommendations are made based on the results of those interviews and past public service history of the candidates.

Greensboro City Council
Mayor – Nancy Vaughan (Incumbent)
District 1 – Sharon Hightower (Incumbent)
District 2 – No recommendation at this time
District 3 – Justin Outling (Incumbent)
District 4 – Nancy Hoffman (Incumbent)
District 5 – Tony Wilkins (Incumbent)
At-Large (Vote for up to three, three seats to fill):
Mike Barber (Incumbent)
Yvonne Johnson (Incumbent)
T. Dianne Bellamy Small (Past council member)

High Point City Council
Mayor – Jay Wagner (currently represents Ward 4 on council)
Ward 1 – Jeff Golden (Incumbent)
Ward 2 – Chris Williams (Incumbent)
Ward 3 (No incumbent) – Monica Peters
Ward 4 (No incumbent) – Wesley Hudson
Ward 5 (No incumbent) – Vic Jones
Ward 6 – Jason Ewing (Incumbent, unopposed)
At-Large (Vote for up to two seats, two seats to fill):
Cynthia Davis (Incumbent)
Britt Moore (Past council member)

PTAA Leaders Meet with High Point City Council Candidates

On Wednesday, September 27, PTAA hosted a “Coffee with the Candidates” at Palladium Park in High Point. This was an opportunity for leaders from PTAA to get to know the folks running for High Point’s City Council and to share with them the economic impact that PTAA’s members have in the city.

Special thanks to the team at Palladium Park for hosting us, and to all the volunteer leaders who made it out first thing in the morning to meet with the candidates.

 

Here is a link to a copy of the data sheet we shared about the impact our members have in the city:

Economic Impact of PTAA’s Members in High Point

 

Last Year’s Largest Triad Apartment Construction Projects

Commercial Property Executive produced a nice little listicle of the largest apartment construction projects delivered last year. Who’s number 1?

Images from Stafford Place’s Website

Stafford Place, 360 units
Parr Investments targeted Winston-Salem for its 360-unit development with spacious floor plans and high-end finishes. The complex features extras such as a 21-seat movie theater, a coffee bar where residents can socialize and relax, a business center and a swimming pool. Nowadays, tenants want more than living space. A sense of community helps them to feel connected, and we increasingly see amenities that encourage socializing between tenants.

You can find the rest of the list here.

Bank of NC Investing $5 Million to Build Affordable Housing in High Point

Bank of North Carolina is investing $5 million in an effort to build affordable housing in High Point. From a story in Triad Business Journal:

Seeking to have a direct impact on the city that’s home to its headquarters, Bank of North Carolina will build affordable housing in struggling High Point neighborhoods and sell the new homes using a new mortgage product crafted for a population of potential homeowners now being underserved…

The bank’s effort will be in partnership with the city of High Point, which has had a downpayment assistance program in place for several years, and also has an inventory of vacant lots and reclaimed properties in lower-income neighborhoods that could provide land for the housing effort…

What Bank of North Carolina is proposing is to begin building three-bedroom, two-bathroom houses priced in the $70,000 to $80,000 range…

The idea would be to sell the homes at cost or near cost, with the new homeowners using a mortgage product Bank of North Carolina rolled out several months ago focused on those potential homeowners that lenders typically don’t target.

How You Can Help End Veterans Homelessness in Guilford County

PTAA is working with the Partners Ending Homelessness (PEH) to end homelessness for veterans in Guilford County before the end of 2015 and we need your help. One of the biggest obstacles they face is finding enough housing for the veterans and so we need your help in finding those available housing units, but please remember that this would not be a handout. Here’s what we wrote when we announced this initiative:

  • PEH is not looking for handouts. They are looking for property owners/managers who will work with them by being flexible with regards to credit histories and some aspects of criminal background checks.
  • The program will pay up to fair market rent. The organization is sponsoring the client resident so there is not a risk of default by the individual resident.
  • Caseworkers actively manage each resident. That means your onsite manager will NOT have to actively manage the resident’s situation and WILL have a resource in case any situation does arise.

If you have vacant units that you think would meet the program’s needs then there’s an easy way you can raise your hand to volunteer. Simply fill out this application form and send it to PEH and they will get the ball rolling. Sending in the form isn’t an absolute commitment, but it is a first step to getting the process started.

Right now we have about 75 homeless veterans in Guilford County so we need as many of you as possible to step forward and help out those people who served our country. Thank you in advance for your support.

Here’s a link to the application form:

PartEndingHomelessness app

Economic Factors Boosting Triad Apartment Market

A couple of stories in the local press explore the burgeoning local apartment market. Here’s an excerpt from one of those stories in the Winston-Salem Journal:

During the past five years, thousands of new apartments have opened in the Piedmont Triad, and the number of people moving into them is growing.

Changes in the way people live and improvements in the economy are driving a steady, slow growth, local apartment experts say, but soft spots could stall that progress in the next couple of years.

One thing has worked in favor of the industry so far: slow home sales.

Although the real estate market is slowly picking up, banks are still tight with credit and families are reluctant to commit to mortgages until they feel confident that jobs are here to stay.

Apartment developers are taking more chances this year and will continue if they see good signs, said Carrie Langley, the Piedmont Triad Apartment Association’s director of education and membership…

At the moment, things are looking good for the local apartment business.

Ultimately, job growth could be the single most important unknown that could help — or hurt — even more.

The Piedmont Triad Apartment Association’s Langley tempers her optimism with a little superstition.

“There’s been economic and employment growth and it seems to be continuing,” she said. “I’m going to knock on wood.”

The Greensboro News & Record had a similar article focused on the Greensboro market.

Carroll Purchases NorthPoint Apartments for $26.5 Million

The Carroll Cos. has once again expanded its local apartment portfolio with the purchase of Signature Property Group’s NorthPoint Apartments in north High Point:

Developer Roy Carroll announced today that his company has purchased NorthPoint Apartments, located at 4375 Regency Drive in north High Point, for nearly $26.5 million, or $91,965 per unit.

The 288-unit upscale community was completed this summer and sits on 16.74 acres near I-40 and the Piedmont Triad International Airport along N.C. 68. Guilford County tax records indicate that it has a total assessed value of nearly $16.9 million.