Press Release

DreamKey Partners Celebrates Groundbreaking for 18 Townhomes in Grier Heights

Today, DreamKey Partners hosted a groundbreaking event for Aveline at Orange Street, a new affordable for-sale townhome development. The townhomes will provide affordable options for first-time homebuyers and help reduce gentrification in the Grier Heights neighborhood.

As house prices continue to rise in Charlotte, we are exploring ways to create affordable solutions for homebuyers," said Julie Porter, president of DreamKey Partners. "It takes many resources like funding and partnerships to tackle a very complex societal issue, and our Aveline at Orange Street homes will help preserve homeownership opportunities for families for years to come.

With an expected completion date in summer 2024, Aveline at Orange Street will offer 1,550 square feet, three bedrooms, 2.5 bathrooms, and a two-car garage, starting at $284,000. Target homebuyers have household incomes up to 80% of the area's median income. Additionally, qualified homebuyers can receive up to $80,000 in down payment assistance toward the purchase price and can start their homebuying journey by registering for financial education courses offered by DreamKey Partners.

Flagship Healthcare Properties, LLC's land donation and funding from the City of Charlotte Housing Trust Fund and Housing Partnership Network New Market Tax Credits support the development. Watts Leaf Architects, PA, designed the homes; Timmons Group is the civil engineer, and JCB Urban Company is the builder of the townhome community.
The Grier Heights neighborhood was founded on a rich legacy of self-sufficiency, family, education, and entrepreneurship. We want today's buyers to know they will start their homeownership journey in a community that continues to uphold these values," said Dr. Stacey Price Brown, President of Grier Heights Community Improvement Organization. "Our collaboration with DreamKey Partners aims to build homes and ensure that qualified buyers receive the resources needed for sustainable homeownership.

DreamKey Partners is a comprehensive real estate development organization that secures public and private funding for land development, acquisition, design, entitlement, and construction. DreamKey has completed $392 million in real estate investments and has provided financial education and counseling to over 40,000 people, along with $40 million in down payment assistance.

To learn more about DreamKey Partners, Aveline properties, and homeownership programs, visit dreamkeypartners.org and follow us @DreamKeyOrg.