Duke’s Office of Durham and Regional Affairs was proud to be one of many partners at the ribbon-cutting ceremony Friday morning to celebrate the ongoing revitalization of the historic Southside neighborhood.
Vice President for Durham and Regional Affairs Phail Wynn Jr. joined neighborhood, city, state, federal and private-sector speakers at the event, representing the impressive collaboration that has led so far to the construction of 20 beautiful new homes in a neighborhood that had been troubled by crime and degraded housing stock.
Duke’s role in the project has been two-fold. A zero-interest loan from the university allowed the non-profit developer Self-Help to strategically purchase condemned homes for re-development. And through a program designed to introduce stable homeowners to the neighborhood, Duke set aside funds to help low- to moderate-income employees prepare their loan applications and receive city, federal and Duke subsidies for the purchase of a home in the neighborhood.
David Steinbrenner, the first employee to finish the process, closed on his home May 29 and plans to move in this weekend. He’s shown below with Wynn in front of his new home.