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Wesley Community Development Corporation <br />A United Methodist Organization <br />Serving the People of Western North Carolina <br />"Building Communities of Grace and Hope" <br />13816 Professional Center Drive, Suite 200 <br />Huntersville, North Carolina 28078 <br />(704) 924 -8942 (800) 723 -1005 <br />Fax: (704) 883 -0099 <br />hap: //w►viv. ►vesleycdaconr <br />January 21, 2014 <br />Ms. Kelly Sifford <br />Community Development Manager <br />Cabarrus County <br />Dear Ms. Sifford: <br />Thank you for the opportunity to make a presentation to your Board of Directors <br />regarding the new Prosperity Ridge Apartments on Little Texas Road that is being jointly <br />developed by Prosperity Unlimited and Wesley Community Development Corporation. <br />As part of this presentation you had asked for additional information on our organization <br />and the projects that we have developed. <br />Wesley Community Development Corporation ( "Wesley CDC ") was formed in <br />2002 as an agency of the Western North Carolina Conference of the United Methodist <br />Church. Wesley CDC develops high quality affordable housing in western North <br />Carolina. The goal of Wesley CDC is to 'Build Communities of Grace and Hope." <br />Wesley CDC has a full time staff of two experienced real estate professionals. <br />Our full time staff is supplemented by high quality consultants and contract employees <br />who are retained on an as- needed basis to assist us in completion of projects. This <br />arrangements allows Wesley CDC to contain cost while delivering a high quality of <br />service. It has also allowed Wesley CDC the flexibility needed to build affordable <br />housing in 12 counties across western North Carolina. <br />For its first seven years, Wesley CDC built only affordable single family housing. <br />To date, Wesley CDC has built over 80 affordable single family houses in eleven counites <br />across western NC. In 2005 Wesley CDC received our first Housing North Carolina <br />Award from the North Carolina Housing Finance Agency ( "NCHFA ") for our Westglow <br />single family community in Union Grove in northern Iredell County. <br />In 2009, Wesley CDC began to develop affordable rental housing. Wesley CDC <br />is the owner of five multi- family projects. Construction has been completed on each of <br />these projects, and these properties currently have a combined occupancy of 98 %. In <br />2013 Wesley CDC received a second Housing North Carolina Award from NCHFA for <br />our Wesley Heights Supportive Housing project in Taylorsville (Alexander County). <br />Attachment number 2 <br />G -2 Page 120 <br />