GREENSBORO, N.C. — At its weekly meeting on Tuesday, the Greensboro City Council approved the sale of the former Regency Inn property on North O. Henry Boulevard to Raleigh-based nonprofit DHIC, Inc. by an 8-1 vote.

DHIC, Inc. will redevelop the site into a $29.5 million residential project that will bring 114 new homes for seniors and families, city officials said. Proposed plans for the property include two phases of construction and rely on Low-Income Housing Tax Credits.

The first phase will create 54 senior units in a single building and the second will add 60 family units spread across three buildings. Twelve of the planned homes will meet ADA accessibility standards, and all units will be affordable for households earning 30, 50, or 60% of the area’s median income, the city said.

See Full Page