April 1st 2024.
In the bustling city of Charlotte, North Carolina, a church is making waves by providing more than just spiritual guidance. The AME Zion Church, known as Little Rock, has expanded its reach by constructing affordable housing right next to its Uptown campus. The church's leader, Rev. Dr. Dwayne A. Walker, beamed with pride as he cut the ribbon on March 26, officially opening Varick On 7th. This brand-new, mixed-use apartment building boasts 105 units of both affordable and market-rate apartments. The project was made possible through a collaboration between the city of Charlotte, the Little Rock Community Development Corporation, and Laurel Street Residential, who donated the land for the building.
Laurel Street Residential, a development company founded by Black individuals, has been dedicated to creating housing options for working families and seniors of various income levels. This is especially crucial in Mecklenburg County, which is struggling to keep up with the growing need for affordable housing. The county is also grappling with the effects of gentrification, which has caused many formerly working-class and historically Black neighborhoods to become unaffordable. According to The Charlotte Post, there is currently a shortage of around 26,000 affordable housing units in the Queen City, and this number is expected to increase as housing costs continue to rise. However, with Varick On 7th, named after the first Bishop of the AME Zion Church, there is hope for change.
Rev. Walker shared his thoughts on the national crisis of affordable housing, stating that it will take a collective effort from all sectors of society to solve it. He also emphasized Little Rock's commitment to providing a hand up, rather than a handout, to those in need. The church plans to offer additional services to its residents as well. A recent census revealed that the elderly and people with disabilities are the fastest-growing groups in need of affordable housing solutions in Mecklenburg County. This partnership between Little Rock and Laurel is seen as a perfect match, with Laurel's expertise and passion for addressing this issue.
Laurel Nelson, co-founder of Laurel Street Residential, spoke about the importance of collaboration in finding solutions to problems like the affordable housing crisis. She believes that when people come together, are open-minded, and get creative, anything is possible. This partnership between Little Rock and Laurel is a prime example of that. With the first residents scheduled to move in this April, Rev. Walker is excited about the new opportunities this venture will bring. He hopes that other churches will see the value they can bring to the table by getting involved in similar projects.
Rev. Walker also highlighted the financial benefits that this partnership can bring to churches like Little Rock, which may have a lot of assets but limited cash flow. The additional revenue generated through ventures like Varick On 7th not only addresses a critical need but also strengthens the church's foundation, making their ministries even more impactful. In a world where collaboration is key, Little Rock and Laurel have set an example for others to follow. Together, they have created a beautiful and much-needed solution to the affordable housing crisis in Charlotte.
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