Originally built in 1950, Washington Terrace is known as the first rental community constructed in Raleigh for African American middle-class families and professionals. Once home to local public figures and civic leaders, Washington Terrace is still home to more than 164 individuals and is cherished and remembered for its strong sense of community, history and pride.
In 2014, DHIC purchased from foreclosure Washington Terrace, the 23-acre, 245-unit low income housing project in order to preserve and diversify housing options for people with limited incomes. The purchase of this property was made possible with a $3 million first mortgage loan from Community Housing Capital and a $2.1 million loan from the City of Raleigh. DHIC also received two Wells Fargo Priority Markets grants totaling $310,000 and a $35,000 Enterprise Community Partners grant to advance pre-development activities and to incorporate sustainable principles in the master plan for redevelopment.
DHIC has actively engaged the community since the property was purchased, including through a year-long master-planning process, regular community meetings, and a newsletter. More than 350 residents, civic and non-profit leaders, and other stakeholders participated in this process, which included a number of public meetings, design charrettes, drop-in sessions, one-on-one stakeholder meetings, peer-to-peer meetings, and resident-only information sessions. The Washington Terrace Master Plan is responsive to the community’s expressed interest in a diversity of housing types and styles, in addition to outdoor spaces to promote active living. The amenities in each building and throughout the property also reflect community input.
The Village at Washington Terrace, the first phase of the redevelopment, provides 162 affordable apartment homes for families and individuals with household incomes at or below 60% of the area median income. The Village at Washington Terrace features one-, two- and three-bedrooms and a variety of building types with garden and townhome style apartments.
Other features and services include a community center with on-site management offices, social and gathering areas, laundry facilities, business center, fitness room, and an office for family supportive services staff. The area around the community center will include age-appropriate children’s play areas, community gardens, a picnic shelter and grills, and other areas for residents to enjoy the outdoors.
In addition, a child care center will be leased and operated by the Methodist Home for Children, a five-star provider with a history of delivering quality and affordable childcare services to pre-school age children. With the center located on site, Washington Terrace families will have convenient and easy access to services.
For more information on The Village at Washington Terrace, please click here.
Booker Park North at Washington Terrace was the second phase of the Washington Terrace Redevelopment. Booker Park North provides 72 apartment homes for independent seniors age 62 and older with household incomes at or below 60% of the area median income. Featuring a mix of one- and two-bedrooms, other property features include washer and dryer hook-ups in each unit, tenant storage areas, and covered drive-through entrance. The property also includes a common laundry facility, computer center for residents, community gathering room with kitchen, fitness room, indoor and outdoor sitting areas, and an on-site manager’s office. Residents have access to supportive service coordination to help enable them to live independently.
For more information on Booker Park North at Washington Terrace, please click here.
Future Phases at Washington Terrace
DHIC received Low-Income Housing Tax Credits (9% award) in 2020 for Booker Park South at Washington Terrace. Booker Park South will be the third phase of the Washington Terrace redevelopment near downtown Raleigh, adjacent to St. Augustine’s University.
For more information on Booker Park South at Washington Terrace, please click here.
Phase 4 of Washington Terrace will provide 58 townhomes for sale, 17 of which will remain affordable to those at or below 80% Area Median Income (AMI).