Yes. Fixed it.
…
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I bought my first home (suburban condo) decades ago using a federal first time homebuyer’s program that helped make my mortgage affordable when I was making a measly amount of money. Good for you!
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My wife and I bought our first house in State Street Village using the programs offered by DHIC, NCHFA, COR. Our mortgage is 1/3 what we would pay for a 3 bedroom rental, and we got an 18% down payment loan at 0% interest and no payment due until you sell, so our PMI was gone after about a year and thus lowered our mortgage yet again. I cannot say enough good things.
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Looks like I should’ve done more research before thinking I couldn’t live in town!
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There is a proposal to rezone the lot between Hertford Village and Hammond Road. Current zoning is IX-3 with some conservation management zoning along Wildcat Branch (I think). The proposed zoning is CX-4-CU. According to the application, they are proposing no more than 350 dwelling units and no more than 10,000 square feet of office use.
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Wildcat Branch is going to struggle with all the storm water build up that’s going to happen here in the future. I really hope they have many rain gardens or a park in this area.
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Lots happening in South Park! Any updates on the status of the Toulon Place apartments that are supposed to be built off of Bragg Street?
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Interesting, I noticed one of the proposed commuter rail stops was listed on Hammond Rd right near here.
Or maybe a whitewater park during thunderstorms perhaps!!!
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If you’ve ever spent time in the area during a heavy rain event…say, if you’re a bicycle commuter on the Walnut Creek Greenway and you’re caught in a storm, which I don’t recommend but is certainly interesting… Wildcat Branch actually flows backwards when Walnut Creek floods. The creek carries so much more water than the branch that at least at their confluence the creek backs south into the branch. This whole area floods so much worse now than it did just ten years ago. I don’t think anybody’s planning to do anything about it.
That said, it would be good to see this lot developed into something. And maybe the city could then be induced to build a Wildcat Branch greenway spur over Walnut Creek and under 40 down to Hertford Village and Rush St. That’d be useful. And then it could connect to Garner Rd. I’d be on that all the time. I might be the only one though.
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Toulon Place is still under administrative site review.
There is some activity directly behind (south) of Brewery Bhavana production warehouse. I wonder if that is to satisfy the parking requirements Goodman had to deal with to move ahead with the tap room planned
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I was looking at the site plans for the affordable housing development at the corner of Garner Rd and Bragg St aka “Toulon Place” and figured I should post here for visibility. https://cityofraleigh0drupal.blob.core.usgovcloudapi.net/drupal-prod/COR15/ASR-0004-2020.pdf
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How many units is this supposed to be?
7 buildings, 200 units (78-1br, 92-2br, 30-3br)
220 parking spaces, no pool but a community common area with 2 fenced in play areas and covered picnic tables.
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Do you know how many of those units are income-capped (and what the thresholds are)? I imagine this place went through rezoning and that was a point of discussion, but I don’t remember seeing the results of that.
Hopefully less than 10%
“The community will include 78 one-bedroom units, 92 two-bedroom units and 30 three-bedroom units available to tenants making 40 to 70 percent of the area median income.” - TBJ
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To expand, here is a more detailed breakdown from the N&O from a few years ago. There’s also breakdowns of a number of other AH developments in this N&O article.
Toulon Place
Location: Off Sawyer Court near the intersection of Garner Road and Bragg Street in Raleigh.
Total Units: 200 units for all ages.
AMI Target:
40% AMI and below: 11 units
50% AMI and below: 31 units
60% AMI and below: 109 units
70% AMI and below: 49 units
Proposed rent: $515 to $1,200
County contribution: $3.59 million
Average loan per unit: $17,961
Developer: Solstice Partners, n/a
More Details: The city of Raleigh is also considering a $1.4 million loan, a $600,000 re-location loan and $3 million carried over from Brown Birch.
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