Business View Magazine | February 2018

78 79 the developer proposes to include approximately 60,000 square feet of office and retail space, along with 260 parking spaces.That way, it’s going to serve more than just individuals who need housing, downtown.”Once the developer applies for, and re- ceives, tax credits through the North Carolina Hous- ing Finance Agency, the city will be able to move forward with the development of the parcel in the downtown area. “The City of Durham not only has been creative, but the results that we’re seeing now, in terms of the transformation, are clearly a meshing of public pol- icy goals with the private sector attraction of debt and equity, to achieve the objectives of creating a stable,market-driven community that will be avail- able and prosper over time,while also providing much needed affordable housing,”Bennett declares. McCormack Baron Salazar salutes the leadership of the City of Durham in partnering to provide quality housing options for all people. The Lofts at Southside DURHAM, NORTH CAROLINA PREFERRED VENDORS n McCormack Baron Salazar, Inc. www.mccormackbaron.com n Stewart Engineering www.stewartinc.com Indeed,Durham’s Department of Community Development projects have been recognized with awards from the Nation- al Community Development Association as well as the North Carolina Housing Finance Au- thority for its continuing efforts in providing affordable housing, neighborhood revitalization, and other supportive services to Durham’s low-to-moderate in- come population, thus fulfilling its mandate to provide thriving, livable neighborhoods for all of the city’s citizens.