The latest affordable housing project in Raleigh has been announced and NC Central head basketball coach and Raleigh native Levelle Moton is a big part of it.
The Raleigh Housing Authority selected the company of which Moton is co-owner, raised raleigh Development, as co-developer with Brinshore Development for the redevelopment and restoration of Heritage Parka public housing community in southwest Raleigh with 122 units.
Moton and his business partners, CJ Mann and Terrell Midget grew up nearby in southeast Raleigh, so being chosen for this city project means a lot to them.
“It’s an incredible honor for us,” Moton said. “Being three black men from the Southeast neighborhood of Raleigh. There have been so many requests for attention and dedication to affordable housing, especially in any of Raleigh, and we have been honored to be able to take on this burden and bring affordable housing back to a community that has supported us since we were children, Moton added.
Midget says he hopes the redevelopment of Heritage Park will provide more business opportunities for the community with retail space and other amenities to serve the neighborhood as part of the plan.
“We’re just trying to provide an avenue for some generational wealth“, Midget explained.
The total investment will be made in phases. “Each phase will likely be around $50 million,” Mann explained. “The total investment will probably be 150 to 200 million,” Mann added.
Community outreach and engagement is ongoing and will be the first part of the plan. A 12 month master planning process will follow and they hope to start in late 2024 or early 2025.
Moton has also been involved in the development of a new multi-million dollar affordable housing development in southeast Raleigh, in the public housing area he grew up in, called the Idlewild Cabins in partnership with the nonprofit Raleigh Area Land Trust.
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