HIGH POINT, N.C. –Meredith Street Apartments will be turned into affordable housing, after Unity Builders purchased the complex for $1 million.
The city of High Point will contribute to the project with a $300,00 bridge loan.
In 2010, six of the complex’s 10 buildings were condemned by the city. Demolishing the complex would have cost upwards of $100,000.
The city hopes the deal will be finalized by October 1. Renovations should be finished within a year.