Bishop Claude Alexander of The Park Church and others at the Gilfield Park groundbreaking ceremony.
Photo courtesy of the Park Church
The Park Church collaborated with various partners to bring 80 apartments to Charlotte seniors in 2023.
In December 2021, The Park Ministries broke ground on a joint venture between Laurel Street Partners, the City of Charlotte, Bank of America and Local Initiatives Support Corporation (LISC) Charlotte.
The 80-unit affordable senior housing community which is slated for completion in 2023, has a total cost of approximately $16.8 million. Bank of America provided the construction loan and a tax-credit equity investment for the development. The Charlotte Housing Opportunity Investment Fund will contribute $4.3 million in financing to the project.
The community represents the first phase of a larger master-planned development on The Park Church’s 51-acre campus. Targeting seniors aged 55 years and up, with incomes below 80 percent of the area median income, the property will comprise 48 one-bedroom and 32 two-bedroom units ranging from 660 to 900 square feet. Rents will range between $400 and $1,400. Each unit will feature walk-in closets, ceiling fans, and fully equipped kitchens. Community amenities are planned to include outdoor green space, garden plots, a fitness center, individual storage units, and a multi-purpose community room.
The community will be called Gilfield Park, after a prayer group that would become Gilfield Baptist Church, known today as The Park Church. It will be located 7 miles northwest of Uptown Charlotte, close to dining and retail options, as well as a bus stop.