Choice Neighborhoods Initiative (CNI)

* Two-year planning process

* Stakeholders

* Cash Leverage:
   – City of Durham $133,000
   – N.C. Mutual Life Insurance Company $2,000
   – Housing Authority $167,000

* In-Kind Leverage: over $925,000

Proposed Implementation: $135 million to build up to 1,000 units

* Mixed-use/commercial and multi-family housing (Homeownership and rental units)
* McDougald Terrace (owned by DHA)
* Lincoln Apartments (owned by DVI)
* Other potential site(s)