FOR IMMEDIATE RELEASE
August 15, 2003
Tarboro - When Hurricanes Floyd and Dennis devastated portions of Eastern North Carolina in 1999, more than 4,000 uninsured and underinsured homes were destroyed. Although $405 million was distributed in rental assistance and home loans, some families continue to live in temporary homes four years later.
Tarboro, which was heavily impacted by the hurricanes and subsequent flooding, has more relief in sight. The land for George E’s Place, a Metropolitan Housing & CDC development, was dedicated Wednesday morning as construction began on the development. This project marks the final project in the efforts to provide stable and permanent homes for flood victims.
When complete, George E’s Place will offer 24 one-bedroom apartments for low-income senior citizens (62 years and older) who live independently. A community room will allow seniors to socialize with their neighbors and other community members. Rents will be based on income, taking into account medical and health-related expenses. GEM Management of Charlotte will be managing the development.
“We appreciate the efforts of the Town of Tarboro, Edgecombe County, the North Carolina Housing Finance Agency, and the United States Department of Agriculture/ Rural Development for the joint venture. We trust that this housing will stand as a lasting reminder that everyone needs safe, sanitary, affordable housing,” Reverend David L. Moore, President and CEO of Metropolitan said.
"Many thanks to Metropolitan Housing & CDC, Inc., in its efforts to improve the lives of our senior citizens who are still feeling the ill effects of Hurricanes Floyd and Dennis. George E's place will provide an affordable, quality living experience for the folks who need it the most," said Lieutenant Governor Bev Perdue.
Metropolitan Housing & CDC, Inc., is a 501 (c)(3) not-for-profit organization that works to create safe, affordable housing for underserved rural communities. Over the last twelve years, Metropolitan has developed and rehabilitated over 500 units of single- and multi-family housing for individuals and families that are low-income, have special needs, or are elderly.
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Representatives from Congressman Frank Ballance's office, North Carolina Community Development Initiative, United States Department of Agriculture/ Rural Development, the Town of Tarboro, Edgecombe County, Harold Jordan & Co., Arthur Cogswell, Architect, Representative Marian McLawhorn, and Metropolitan Housing & CDC gather at the construction site for
George E's Place in Tarboro, North Carolina.