By Lori Wiggins
Special To The Tribune
RALEIGH – Southeast Raleigh Promise hosted an official groundbreaking ceremony April 24 at 1131 Gregg St.
Focused along the Rock Quarry Road Corridor and the surrounding area, the event marks a major milestone in the organization’s commitment to driving lasting impact across its four pillars of focus: cradle-to-career education, economic mobility, health and well-being, and real estate and mixed-income housing. Southeast Raleigh Promise leads as a place-based initiative that brings together residents, partners and resources to create pathways to growth and prosperity. It is Raleigh-Wake County’s first Purpose Built Communities model and the 16th in the nation among more than 25 organizations.
“Strong, mixed-income communities create the foundation for stable neighborhoods and real pathways to economic mobility, while also fostering connection, identity and belonging,” CEO Yvette Holmes said. “This development reflects our commitment to ensuring that neighborhoods with a rich and celebrated history remain places where residents at all income levels can grow, thrive and prosper together.”
The small-scale development will deliver 25 mixed-income rental homes across nine city-owned parcels located within walking distance to downtown Raleigh. The plan includes a mix of styles, including one single-family home, duplexes, and accessory dwelling units which will be available for rent to households earning 30%, 60% and 80% of the area median income.
Celebrating its 10th anniversary this year, Southeast Raleigh Promise has worked alongside a dedicated team of partners for over three years to bring this vision to life, reinforcing its mission to create access to high-quality, safe and affordable housing for families and individuals. Funding partners include the city of Raleigh, Wake County, the Low Income Investment Fund and Southeast Raleigh Promise, along with support from the Tom Russell Foundation and Purpose Built Communities.
Leading up to the groundbreaking, Southeast Raleigh Promise hosted neighborhood pop-up events to connect with residents and share information about the development.
The project team includes Urban Trends (co-developer), TightLines Designs (architect), RBI (general contractor) and First Rate Property Management (leasing and management). The Banks Law Firm is legal counsel.
Leasing is expected in phases. The project will be completed by early 2027.
