Tredway has announced the acquisition and preservation of 84 units of affordable project-based Section 8 housing in Dunn and Greensboro, N.C.
“These acquisitions greatly advance our work to create more equitable housing outcomes for North Carolinians,” said Will Blodgett, founder and CEO at Tredway. “As a team, Tredway, AHI and the Federation Companies share a deep commitment to preserving existing affordable housing, especially at a time when more American families are severely rent-burdened. With this transaction in place, we’re proud to say that Gatewood Manor and Ashbrooke Apartments will continue serving this community for many years to come.”
The affordability of both properties has been extended for 20 years, until 2044. The new owners will also undertake immediate work to address critically needed repairs, including energy efficiency and ADA compliance.
Built in 1975, Ashbrooke Apartments is a 52-unit affordable housing property located in Dunn
