Jan. 26, 2015 – East Carolina Community Development Inc. kicked off the development of eight affordable apartments for disabled or homeless veterans on Oct. 8 with a ground breaking ceremony in Jacksonville.
Compass Pointe at Meadow’s Gate will be an addition to ECCDI’s Meadow’s Gate community in which the nonprofit has already developed affordable rental housing for low-income families and seniors. The Compass Pointe development will address the rising need in the Jacksonville community for veterans’ housing.
“This is the embodiment of community housing development with public and private agencies that come together to develop a tract of empty land to support homeless veterans,” said Keith Walker, CEO of ECCDI.
The eight one-bedroom apartments will feature open floor plans with ample storage and two of the downstairs units will be fully handicapped accessible. Once construction is completed, ECCDI will partner with local nonprofits East Carolina Human Services Agency, Family Endeavors and CoastalCare to provide services to residents.
Qualifying residents of Compass Pointe will be veterans who are either disabled or homeless and earn less than 30 percent of the area median income.
Compass Pointe is funded by a $655,000 interest-free loan from the N.C. Housing Finance Agency’s Supportive Housing Development Program. ECCDI has developed and manages 16 housing developments for low- to moderate-income individuals and families with the support of the NCHFA.
ECCDI received financial support from the N.C. Community Development Initiative last year through its Community Enterprise Fund grant program. Visit www.eccdi.com for more information on Compass Pointe apartments and the agency’s other affordable housing developments.