Our Work

Horizon Development Properties, Inc (HDP), a non-profit real estate development company, is hard at work developing new communities for Charlotte’s hard working citizens.

HDP currently owns 1,963 apartments units in 15 developments totaling $181 million and more underway. In total, HDP provides affordable homes to more than 3,000 people. Our portfolio features projects of all sizes and levels of complexity — we can build it all — and we do.

See below for some of our current projects:

Property

Year Acquired

# of Units

Arbor Glen
Arbor Glen, Phase
Glen Cov
Grove Place
McAlpine Terrace
Oak Valley
Seneca Woods
Valleyview
Fairmarket Square
Krefeld (vacant land)
Hampton Creste
Woodlawn House
Mill Pond
McMullen Wood
Little Rock Apartments
Strawn/Parktowne LLC
The Vistas @ 707
Park and Marsh under development
Tall Oaks under development

2005
2005
2006
2006
2006
2006
2006
2006
2008
2008
2009
2009
2010
2010
2011
1970/2013
2015
2016 projected lease-up
2016 projected lease-up

54
23
50
36
113
50
49
50
60

213
104
168
55
242
333
190
92
81

Total: 1,963

The Vistas @ 707

The Vistas @ 707 features 190-units of newly constructed apartments located at the corner of E. 10th Street and Seigle Avenue. The project, situated near the heart of Charlotte’s vibrant center city, offers tenants a choice of studio, 1, 2 and 3-bedroom apartments. Rents are affordable for households earning up to 80% of the area median income and these modern apartment homes feature an array of amenities including a fitness center, yoga studio, pool, tennis courts, sundeck, billiards area and a Wi-Fi lounge. The Vistas is currently leasing.

Tall Oaks Redevelopment

HDP has strategically envisioned a redevelopment plan for the Tall Oaks community centered on preserving affordable housing that directly responds to the needs of the existing residents. Moreover, the plan will provide housing opportunities for low and moderate income families that desire to reside and work in close proximity to the downtown area. The redevelopment plan is within the Cherry community, one of Charlotte’s most historic neighborhoods and oldest African American communities.

Redevelopment activities will be completed in two phases. Phase I will consist of 81 units for families with incomes up to 60% of AMI and will be built utilizing 9% Low Income Housing Tax Credits. The $11.2 million Phase I will consist of one, two, three and four bedroom units on scattered sites within walking distance of each other. Amenities provided will include outdoor seating areas, an exercise room, multi-purpose room, computer lab and leasing center. Phase I will break ground in the summer of 2016 and be completed by the end of 2017.

Phase II is anticipated to be workforce housing development with a mix of unit sizes and amenities that will be determined in the near future.

Park & Marsh Senior Apartments

This $15.7 million construction project is on a 2.23 acre site at the corner of Park Road and Marsh Road in South Charlotte. The project will include 92 one-bedroom units of multi-family housing for seniors (55 and older) with incomes at or below 60% of the area median income. The rents will be subsidized by the Housing Choice Voucher Program. This independent living community for active seniors will be situated in the heart of Charlotte and encompass indoor and outdoor amenities including a fitness center, seating areas, storage areas, multipurpose room, garden plots and a balcony. Horizon Development Properties, Inc. has been awarded 9% Low Income Housing Tax Credits and Housing Trust Fund dollars for the development of this project. Construction is scheduled to begin in the fall of 2015.

Strawn Site Redevelopment

HDP has engaged community partners and consultants to create redevelopment strategies for the 16 acre site in the historic Dilworth neighborhood, now home to Strawn Cottages. This multi-million dollar project will preserve affordable units while transforming the site into a mixed-use, mixed income community in a vibrant neighborhood of choice.

HDP is a wholly-owned subsidiary of the Charlotte Housing Authority.