September 2, 2021
Grubb Properties, a leading vertically integrated real estate developer and fund manager, raised $100,000 to sponsor a Habitat for Humanity of the Charlotte Region home in West Charlotte.
Each year, Grubb Properties partners with clients and industry peers to secure funding and recruit volunteers to build a Habitat home for a local family through its Grubb Giving Project. This year’s partnership with Habitat for Humanity of the Charlotte Region aligns with an exciting year of Grubb Properties’ development projects in Charlotte, where the company has been based for decades.
The first build day took place on September 16, with increased safety protocols due to the ongoing COVID-19 pandemic, and building will continue through the fall.
“We are proud to partner with this wonderful organization in our company headquarters of Charlotte to provide a hand up to the deserving Cherry family,” said Clay Grubb, CEO of Grubb Properties. “The increased economic pressures of the past year have exacerbated the severe crisis of a lack of affordable housing, and we are grateful for the opportunity to make a positive difference.”
Chakara Cherry and her family are the future Habitat homeowners. Chakara has lived in Charlotte her whole life and is excited to have a place of her own for herself and her daughter and two sons. Chakara is always the first one to ask a question in the Homeowner-in-Process classes and has been earning sweat equity hours as part of the process of owning her home. When she is not busy working as a customer support agent, she enjoys taking her children out to eat and to the park and watching movies with them.
Chakara’s home is being built in West Charlotte’s Wingate neighborhood, among the 30 Habitat homes planned to be built in this pre-WWII community. The Wingate neighborhood was originally designed for the city’s burgeoning middle class, and has recently seen an increase in redevelopment activity including new home construction and a revived business community.
Wingate’s resurgence prompted Habitat Charlotte Region to reengage development.
“We are so excited to build such a large number of affordable homes in West Charlotte,” said Laura Belcher, President and CEO of Habitat Charlotte Region. “Our plans for Wingate coupled with The Meadows at Plato Price, a new 39-unit single family neighborhood under development nearby, means Habitat will add almost 70 affordable homes in a part of the city that significantly lags Charlotte’s homeownership rates.”
Currently in Charlotte, Grubb Properties has its corporate headquarters at 4601 Park Road and Link ApartmentsSM Montford, both in Montford Park. It is developing future Link ApartmentsSM communities in Montford Park, NoDa, and the Gold District, and is also developing a cycle-oriented multifamily community in Seversville.
Top sponsors of the 2021 Grubb Giving Project include Samet Corporation; Yardi Systems; Swenson; BB + M Architecture; Tobin and Company Securities, LLC; Clifford Chance US LLP; HD Supply; Cherry Bekaert LLP; CBRE, Inc.; EMCOR Services Aircond; Ballentine Associates, P.A.; Clancy & Theys Construction Company; Urban Architecture Lab; Windermere Insurance Group; Of Place; Womble Bond Dickinson; NFP; Pesta, Finnie & Associates, LLP; Clark-Powell Associates, Inc.; neteffect technologies, LLC; Moisture Intrusion Solutions, Ranger Construction Company, Total Quality Building Services, LLC; and Morningstar Law Group.
Grubb Properties employees receive 48 hours of paid time off annually for volunteerism.
About Grubb Properties
Grubb Properties, founded in 1963, is a vertically integrated real estate fund manager focused on the Essential Housing space through its Link ApartmentsSM brand. The company targets residents earning between 60% and 140% of area median income (AMI), directly addressing a growing crisis for essential housing, while providing residents with exceptional living spaces. Grubb Properties maintains a long-term perspective and its careful and measured approach to real estate investment has delivered resilient and impressive returns. Grubb Properties has received numerous sustainability designations and recognitions, and undergoes annual ESG assessments through GRESB. For more information, visit www.grubbproperties.com.
Grubb Properties’ CEO Clay Grubb is the author of the book Creating the Urban Dream: Tackling the Affordable Housing Crisis with Compassion.