New Affordable Housing Project Approved | Winston–Salem News
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New Affordable Housing Project Approved | Winston–Salem News
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ASPIRE gets the go-ahead to issue $25.4M in bonds for The Lofts at Motor Road, a major affordable housing project with $31.8M total cost—$6.4M from the city. Built by The Lofts at Motor Road LLC and managed by Pender Development, the complex will feature 254 units, including 7 seven-bedroom prefab buildings and a nine-unit building, all designed for residents earning 30–70% of area median income—with 30% reserved for those with income restrictions. Rents will be 10% below market, and the project, delayed two years, is positioned on a central corridor with essential services, reflecting the city’s top priority: accessible, transparent, and well-structured affordable housing.
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