GREENSBORO, N.C. – The long-debated redevelopment of the North O’Henry Boulevard property took a major step forward this week as the Greensboro City Council votes on sale of former Regency Inn site to Raleigh-based nonprofit DHIC.
On Tuesday, council members approved the $350,000 sale, marking the first concrete progress in years toward turning the property into affordable housing. The site, formerly home to the Regency Inn, has seen numerous stalled efforts for redevelopment between 2021 and 2024.
DHIC’s Affordable Housing Plan
The nonprofit DHIC (Development for Housing in Communities) plans to build 114 affordable housing units in two phases on the site. President and CEO Yolanda Winstead said Tuesday’s vote represents the momentum Greensboro has been waiting for.
“We think of it as a partnership, and we will remain a partner throughout the entire process and even beyond,” Winstead said.
She added that DHIC has successfully developed more than 54 rental communities since the late 1990s, all of which they continue to own and operate.
Timeline and Next Steps
Following the council’s decision, DHIC will begin working on financing, starting with an application for a low-income housing tax credit. Winstead projected that, if approved, construction could begin by spring or summer of 2027.
The nonprofit hopes to deliver the first phase of units by the end of 2028.
The former Regency Inn site has also served as a temporary location for pallet shelters to house unhoused residents during the summer. City leaders and housing advocates view DHIC’s project as a long-term solution for Greensboro’s affordable housing shortage.
Assistant City Manager Nasha McCray noted that the project aligns with broader initiatives like Housing GSO and the Road to 10K housing strategy, both of which focus on expanding options for families across the city.
A Long Road Ahead
While optimism is high, Winstead acknowledged that affordable housing projects often face delays.
“There are some developments we’ve worked on where it’s taken three or four years to get from design concept to actually putting units in service for families,” she explained.
Even so, DHIC leaders remain confident that they can deliver the much-needed housing Greensboro residents have long been promised.
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Source: myfox8
Written by: Daniel Olafamoye, Greensboro NC News.
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