North Carolina Construction News staff writer
A groundbreaking ceremony today marked the beginning of Hoover Townes, a new affordable housing development that will bring 39 townhomes to the former site of the Economy Inn in Charlotte’s West Sugar Creek Corridor. Designed to expand homeownership opportunities in an area long affected by disinvestment, the project is part of the city’s Corridors of Opportunity initiative.
Located in an area long marked by disinvestment and housing insecurity, Hoover Townes is a key part of Charlotte’s broader Corridors of Opportunity initiative, which aims to convert distressed properties into vibrant, sustainable communities.
“Turning this space into homes people can call their own is how we build stronger communities,” said Mayor Pro Tem Dante Anderson. “This project shows what we can accomplish when we work together to prioritize people and progress over business as usual.”
Led by local nonprofit developer Prosperity Alliance, in partnership with True Homes, the project focuses on first-time buyers who are often priced out of Charlotte’s competitive housing market.
“We believe everyone deserves the opportunity to own a home in the community they love,” said Shawn Kennedy, Executive Director of Prosperity Alliance. “Hoover Townes is about making that belief a reality, one family at a time.”
The development will also offer enhanced financial support through House Charlotte Plus, a partnership with Pinnacle Financial Partners. Eligible buyers in designated Corridors of Opportunity can receive up to $80,000 in down payment assistance — $30,000 from the original House Charlotte program, plus an additional $50,000 through House Charlotte Plus.
“Today’s groundbreaking represents more than the start of construction — it’s a symbol of what’s possible when we invest in people and places,” said Erin Gillespie, executive manager of the Corridors of Opportunity program. “Hoover Townes is not just about housing, it’s about hope, stability, and legacy.”
The homes will be specifically marketed to essential community workers — including teachers, healthcare professionals, and first responders — who too often are priced out of the communities they serve.
“Creating a fast path to generational wealth has brought community organizations, builders, financing partners, and civic leaders together,” added Marcus Kornegay, Executive Director of Prosperity Alliance. “We’re delivering attainable homeownership opportunities in the Hidden Valley community.”