SECU Foundation Helps Build Two North Carolina Transitional Housing Facilities
North Carolina has a new transitional living facility and will soon have one more thanks to 0% construction loans provided by the $25 billion, Raleigh, N.C.-based State Employees Credit Union’s SECU Foundation, the SECU member-funded charitable organization announced.
SECU Foundation partnered with the North Carolina Housing Finance Agency to help fund the renovation of the New Hanover County Jail Annex in Wilmington, N.C. The structure is now the Marvin E. Roberts II Transitional Living Facility, a 46-bed housing complex for men and women recently released from the correctional system.
A dedication and ribbon cutting ceremony was held at the new facility, which was sponsored by the Wilmington-based non-profit organization Leading Into New Communities Inc., SECU Foundation said.
“The Marvin E. Roberts II transitional housing facility is yet another NCHFA supportive housing project that provides SECU Foundation and its members an excellent opportunity to help small non-profit organizations address social challenges across North Carolina,” said Jim Barber, board chair for SECU Foundation. “This facility offers a safe housing environment and the proper tools to help clients regain control of their lives. SECU members are proud to be part of this project.”
Construction has yet to be completed for a second transitional housing facility funded partly by a 0% construction loan provided by SECU Foundation through its partnership with NCHFA. The James Street Group Living Dormitories in Durham, N.C., will house up to 150 people recovering from substance abuse, SECU Foundation said.
The James Street Group Living Dormitories project is sponsored by Triangle Residential Options for Substance Abusers Inc., a non-profit rehabilitation program provider.
“The partnership between NCHFA and SECU Foundation has and continues to be an integral part of bringing many wonderful projects to fruition,” said Mary Reca Todd, manager of supportive housing for NCHFA. “We are thankful for the foundation’s assistance in helping these individuals become successful in their personal lives and within their communities.”