The Gables at Druid Hills

This three story, 63-unit development for active adults is the first new housing construction on the Statesville Avenue corridor in several decades.
The Gables

Neighborhood Overview

The project is located at the intersection of Statesville and Kohler Avenues. The Gables serves seniors over 55 years-old and earning between 35% and 50% of the area median income. Only one resident has to be over 55, so the Gables offers affordable housing for seniors raising their grandchildren, or for a elderly parent and grown child wishing to live together.

The building features both one and two bedroom units ranging from 700 to 935 square feet. Each unit has a full kitchen with range, refrigerator, disposal, dishwasher, emergency alert systems and a large pantry space. The building has a state-of-the-art security system with secured card-required entries on the first floor and a number of outdoor cameras covering the property. The building also has more than 5,900 square-feet of community space. Other amenities include garden spots for residents wanting their own garden, a full-landscaped walking path, a Gazebo, a computer room and an activities room.

The Numbers

Financing

$4.9 million project

Development Partners

  • Bank of America through Enterprise Social Investment Corporation (ESIC) - Tax Credit Equity Investor
  • Wachovia - $1.2 construction loan
  • City of Charlotte
  • The Housing Partnership

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**Update about COVID-19**

Our thoughts are with everyone as we navigate a new normal surrounding COVID-19. We continue monitoring the situation and following the recommendations and guidelines of the CDC, with our main concern being the health and well-being of our customers, employees and partners.  We are working to ensure that we provide uninterrupted service, while also supporting the safety of the community.

To limit potential exposure, we’ve closed our senior apartment buildings to visitors (except for essential medical and food services) and have other protocols in place including closing common areas and ramping up cleaning efforts to support the well-being of our senior residents as much as possible. We’ve implemented many of the same safety measures across our multi-family apartment communities as well. We’ve also communicated with our homebuyer and financial literacy customers about new opportunities to fulfill courses through a virtual learning option and telephone counseling sessions instead of in-person classes and sessions through the end of March. Our goal is to work with our customers’ schedules to make these accommodations.

We wish for everyone to be in good health as we continue doing our part to ensure the safety and well-being of our customers, employees and community. If you need to reach us, please call 704-342-0933. Thank you.