Reconstruction at the former Rolling Hills subdivision has fallen behind schedule, and it doesn’t look like the entire 132-apartment Phase I will wrap by year’s end.
However, Deputy City Manager Keith Chadwell said, “We have some level of confidence” that enough will be finished to meet the developer’s Dec. 31 deadline for retaining federal low-income tax credits.
City Councilman Eugene Brown asked about the project’s status at a council work session Thursday.
Brown said he had been asked about the project’s status by people who “say the only thing they can see is mounds of earth.”
Dealing with environmental issues delayed the project, Chadwell said, but, “The project is moving steadily forward.”
Tax credits granted the developer, McCormack Baron Salazar of St. Louis, by the N.C. Housing Finance Agency are providing about $11 million for Phase I, which is being built on 6.2 acres along Lakewood Avenue between South Roxboro and Fayetteville streets.
Eighty of the 132 units are reserved for rent to tenants with incomes 80 percent or less of the area median income. Chadwell said completing those will satisfy the grant terms.
Partial completion, though, means the low-income apartments will be concentrated near each other rather than scattered throughout the entire complex, as intended, Chadwell said.
“There will be a less than ideal concentration,” he said.
Now called “Southside East,” the Rolling Hills redevelopment is part of a $48 million revitalization for a 125-acre depressed neighborhood across of the Durham Freeway from downtown landmarks such as the Durham Bulls Athletic Park and new Durham County Courthouse.