Affordable housing, home ownership to expand following city vote [Video]

AFTER DINNER TONIGHT. HOUSING JUSTICE. NOW A WINSTON-SALEM ADVOCACY GROUP, IS HOPING A DECISION AT THE CITY COUNCIL MEETING TONIGHT GOES IN THEIR FAVOR. IF PASSED, THE LOAN FORGIVENESS ON ONE PROPERTY COULD PAVE THE PATH FOR AN EXPANSION IN AFFORDABLE HOUSING DOWNTOWN. WXII 12 SARAH SOWERS IS LIVE NOW WITH MORE FOR US. SARAH. THAT’S RIGHT, THE FUTURE RESIDENTS WILL COLLECTIVELY PAY OFF THE PURCHASE AND RENOVATION FEES IN ORDER TO OWN THE UNITS THEMSELVES. IN THE NEXT SEVERAL DECADES. DAN ROSE, AN ADVOCATE WITH HOUSING JUSTICE, NOW, SAYS THE PLANS FOR THE PROPERTY ON SPRING STREET ARE UNLIKE ANYTHING THAT HAS BEEN DONE IN THE CITY BEFORE. WE’RE HOPING TO HAVE A CHANCE TO PROVE THAT COOPERATIVE HOUSING, OWNED AND OPERATED BY LOW INCOME PEOPLE, WORKS AND THEN BE ABLE TO REPLICATE THAT MODEL ACROSS THE CITY. THE COMPLEX FEATURES TWO EFFICIENCIES AND THREE ONE BEDROOM UNITS. THE …