BRIDGE partnered with Bienestar, Inc. and the City of Cornelius to develop Cornelius Place, a mixed-use development located near city services and amenities. The multi-use Cornelius Place development houses the expanded Cornelius Public Library including much-needed community convening space, a YMCA center, and 45 affordable apartments for adults aged 55 and older. The residential component of Cornelius Place includes two floors of studio, one- and two-bedroom apartments for seniors with household incomes of up to 50-60 percent of the Area Median Income (AMI). 11 of the apartments utilize project-based Section 8 vouchers, thereby allowing the project to target even deeper affordability with those residents paying no more than 30% of their income in rent.
PROPERTY PROFILE
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