Lacy’s Project
Central Baptist Community Development Corporation has purchased, rehabilitated and redeveloped, a vacant commercial and residential mixed-use property on the Eastside through our recently expanded housing division, Inter-Neighborhood Community Builders LLC. The CDC rehabilitated the entire structure and rent out, one 2-bedroom and one, 3-bedroom affordable units to households at or below 50% of the Area Median Income. The two apartments will provide quality housing for residents, help support the project and develop lasting capacity-building in housing and commercial development for the CB CDC. The Wilmington Housing Authority will provide ‘project-based vouchers’ for the units to help ensure affordability since all units are aimed at households at or below 50% AMI.
The commercially zoned ground floor which has nearly 1300 square feet of space is the new home for popular restaurant, Jerry Deen’s, which will be Wi-Fi equipped and provide a space for good food and community. The plan is for the venture to bring employment opportunities for community residents and hopefully fuel other commercial interests to invest in the Eastside Community.