Over the next several decades, Lakewood saw a decline due to urban flight and the closing of the neighboring mills. This led to an increase in crime and deteriorating housing conditions.
Over the last several years, the Lakewood community has begun to turn back the decline. This is due to the hard work of the Lakewood CDC, the dedication of several area churches, residents and a host of volunteers. The City of Charlotte has invested more than $3 million for infrastructure improvements. Both The Housing Partnership and Habitat For Humanity have participated by constructing and rehabilitating housing units.
Lakewood is a classic example of The Housing Partnership teaming up with another community-based organization to develop housing. In this case, The Housing Partnership has agreed to assist in handling the housing needs and goals for the Lakewood CDC.
As the CDC’s housing developer, The Housing Partnership has constructed and rehabbed both single-family and rental properties. For example, in 2000, the City of Charlotte loaned $300,000 to the CDC to develop rental units in Lakewood. The six-units provided much needed elderly housing for neighborhood residents. The Housing Partnership rehabilitated the units and the Lakewood CDC owns and manages the units.
For The Housing Partnership this only continues a list of projects and investments in this improving, inner-city community. The Housing Partnership has constructed and sold almost 20 single-family homes. The Housing Partnership also has several lots that are slatted for new homes in the near future.
The Housing Partnership also rehabilitated 12 multi-family rental units in Lakewood. These town-home units, which were completed in the Spring of 2003, are called Grant Station Apartments.