L to R: Hal Jordan, President, Harold K. Jordan & Co., Natalie Britt, Vice President, Rental Development, DHIC, Inc., Gregg Warren, President, DHIC, Inc., Don Walker, Project Manager, Harold K. Jordan & Co., Tony Castillo, Vice President, Harold K. Jordan & Co.
HKJ construction team joins DHIC to celebrate the completion of Water Garden Park. This project was a monumental task to complete by the end of 2013. Due to lengthy weather delays (40+ work days documented), the construction schedule was contractually extended well into March of 2014. However, the North Carolina Housing Finance Agency tax credit program does not recognize such delays, in fact, the tax credit funding could have been withdrawn were the project not completed by 12/31/2013. Harold K. Jordan & Co. received Certificates of Occupancy the week prior. This was accomplished through the tireless and committed efforts of Chip Walker- Superintendent, Don Walker-Project Manager and ongoing support from Tony Castillo, Vice President and Hal Jordan, President. HKJ is thankful for the team of outstanding subcontractors we had on this project and very appreciative of their hard work, cooperation and loyality they demonstrated during the four months of 24/7 crunch work it took to acomplish the timely completion of Water Garden Park. DHIC representives stated “Harold K. Jordan & Co. made a promise to our company and our financing partners to meet our schedule and they did it! When they say “PROMISES MADE, PROMISES KEPT SINCE 1989”, they mean it.”
As part of a NeighborWorks® Week celebration, there was a free outdoor event, featuring a mini food truck rodeo with Dang Good Dogs, D’Burritos, and Kona Ice. There was also music byDJ Ivan, photo booth fun with Endless Expressions, door prizes and more. Among the guest speakers were Bob Kucab, Executive Director, NC Housing Finance Agency; Caroline Sullivan and Dr. James West, Wake County Commissioners; Mary Ann Baldwin, Raleigh City Council; Joanna LeClair, VP & Community Development Manager, Wells Fargo; Dana Boole, Executive Director, CAHEC; Colette Pozzo, Senior Relationship Manager, NeighborWorks® America; and Water Garden Park resident, Crawford Baggs. In addition, two of our senior residents opened their apartment homes for the public to tour.
“We are thrilled to have brought together local government partners and public and private investors to ensure the Water Garden property could remain a community asset for years to come,” said Gregg Warren, DHIC’s President. “Finding affordable housing in this part of Raleigh, near shopping and employment centers, is critical for working families and fixed-income seniors alike, and Water Garden fits the bill.”
Water Garden Park features 88 affordable apartments for seniors age 62+ and opened in January 2014 and is also on track to be LEED Gold and Energy Star certified and to serve households at 60% of the area median income or less. The $12.2 million project was made possible using tax credits awarded by the NC Housing Finance Agency and financing from the City of Raleigh, Wake County, the Community Affordable Housing Equity Corporation (CAHEC), and Wells Fargo Bank. Raleigh-based nonprofit Resources for Seniors provides coordination for residents who need help getting connected to services, such as health care and social services.
In addition to the two apartment complexes, Water Garden features a community building, playground, and access to green space. The entire community is smoke-free to further promote clean and healthy living. Both phases feature on-site management, fitness rooms, laundry facilities, business centers with free Internet access and common spaces. “Building green is extremely important to DHIC,” says Warren. “We seek to provide our residents with a healthy living environment in a beautifully designed community that also includes affordable rent and utilities.”
The development team for the projects included JDavis Architects, PLLC, Withers and Ravenel, Southern Energy Management, Integrated Energy Services and Harold K. Jordan & Co., Inc.