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Affordable Housing Initiative Celebrates New Homes in Hickory, NC

Public-Private Partnership with JRN Development Makes Homeownership Dream a Reality for Hickory Families

September 21, 2022

Hickory, NC—Hickory families will become the City’s newest homeowners thanks to a public-private partnership with the City of Hickory and JRN Development, LLC. Today the City, JRN Development, and future homebuyers celebrated the completion of the homes at Ridgefield Place in the Ridgeview community with a ribbon cutting and tour of the properties.

“While we are proud that Hickory has been named one of the nation’s most affordable places to live, we know that housing is still a challenge for many working families in our community,” explained Hickory Mayor Hank Guess. “With the completion of these affordable homes, the City’s affordable housing initiative continues to demonstrate Hickory’s commitment to our citizens’ ability to live in the community where they work and play. We look forward to building on this project’s success to provide creative housing solutions in the future.”  

The City of Hickory partnered with JRN Development on Ridgefield Place because of its ability to build multiple homes at once and build them faster than most traditional construction. JRN constructed the homes using state-of-the-art building technology to ensure quality and accelerate the building process. 

The homes are being sold for $155,000 to $168,000 to eligible families earning up to 80 percent of the area median income, and will remain affordable for 15 years, even if the homeowner chooses to sell the home during that time. 

“Partnering with municipalities, local governments and their housing authority and community development partners allows us to fast-track the availability of affordable housing to own or rent. These critical partnerships and our high-tech construction process allow us to build quality, sustainable housing for working families,” said JRN Development CEO Rick Admani Abulhaj. “It is gratifying to be part of the solution for families striving to own a high-quality home of their own that they can enjoy for many years to come.” 

The homes are constructed using pre-engineered floor, wall, and roof systems, fabricated from steel by Charlotte-based OFFSITEK. Steel is stronger than wood, is not subject to damage from termites and mold, plus it can withstand high winds and survive fires, floods, and hurricanes with minimal damage. 

Ridgefield Place is a project between JRN and the City of Hickory. JRN specializes in affordable housing and multifamily construction. It is currently contracted to embark on a similar project with the City of Statesville, as well as low-income housing construction in several markets in the Midwest and Southern U.S. JRN is also in talks with the City of Hickory and other municipalities to create additional high-quality, low-maintenance homes for low-to-moderate income families in North Carolina. 

About JRN Development
Founded in 2013, JRN Development, LLC is a locally owned and managed company in the Charlotte region that specializes in land acquisition and development throughout the Southeastern United States. JRN undertakes complete community development projects from land development, to construction, to sales of homes to buyers. 

OFFSITEK, LLC, provides architectural design, 3-D modeling, and both structural and mechanical engineering services and is the first of its kind to fully integrate the digital process of automated and robotic manufacturing of prefabrication light gauge structural steel, which is built at the company’s headquarters in Charlotte, NC. 

For Development Opportunities contact:
Chris Younger
Strategic Partnerships & Municipalities
Land Acquisition & Development
[email protected]
704-614-0006

JRN Development Partners with the City of Hickory to Create Affordable Housing

Affordable Housing Initiative Celebrates New Homes in Hickory, North Carolina

Public-Private Partnership with JRN Development Makes Homeownership Dream a Reality for Hickory Families

September 21, 2022

Hickory, NC—Hickory families will become the City’s newest homeowners thanks to a public-private partnership with the City of Hickory and JRN Development, LLC. Today the City, JRN Development, and future homebuyers celebrated the completion of the homes at Ridgefield Place in the Ridgeview community with a ribbon cutting and tour of the properties.

“While we are proud that Hickory has been named one of the nation’s most affordable places to live, we know that housing is still a challenge for many working families in our community,” explained Hickory Mayor Hank Guess. “With the completion of these affordable homes, the City’s affordable housing initiative continues to demonstrate Hickory’s commitment to our citizens’ ability to live in the community where they work and play. We look forward to building on this project’s success to provide creative housing solutions in the future.”

The City of Hickory partnered with JRN Development on Ridgefield Place because of its ability to build multiple homes at once and build them faster than most traditional construction. JRN constructed the homes using state-of-the-art building technology to ensure quality and accelerate the building process.

The homes are being sold for $155,000 to $168,000 to eligible families earning up to 80 percent of the area median income, and will remain affordable for 15 years, even if the homeowner chooses to sell the home during that time.

“Partnering with municipalities, local governments and their housing authority and community development partners allows us to fast-track the availability of affordable housing to own or rent. These critical partnerships and our high-tech construction process allow us to build quality, sustainable housing for working families,” said JRN Development CEO Rick Admani Abulhaj. “It is gratifying to be part of the solution for families striving to own a high-quality home of their own that they can enjoy for many years to come.”

The homes are constructed using pre-engineered floor, wall, and roof systems, fabricated from steel by Charlotte-based OFFSITEK. Steel is stronger than wood, is not subject to damage from termites and mold, plus it can withstand high winds and survive fires, floods, and hurricanes with minimal damage.

Ridgefield Place is a project between JRN and the City of Hickory. JRN specializes in affordable housing and multifamily construction. It is currently contracted to embark on a similar project with the City of Statesville, as well as low-income housing construction in several markets in the Midwest and Southern U.S. JRN is also in talks with the City of Hickory and other municipalities to create additional high-quality, low-maintenance homes for low-to-moderate income families in North Carolina.

About JRN Development
Founded in 2013, JRN Development, LLC is a locally owned and managed company in the Charlotte region that specializes in land acquisition and development throughout the Southeastern United States. JRN undertakes complete community development projects from land development, to construction, to sales of homes to buyers.

OFFSITEK, LLC, provides architectural design, 3-D modeling, and both structural and mechanical engineering services and is the first of its kind to fully integrate the digital process of automated and robotic manufacturing of prefabrication light gauge structural steel, which is built at the company’s headquarters in Charlotte, NC.

For Development Opportunities contact:
Chris Younger
Strategic Partnerships & Municipalities
Land Acquisition & Development
[email protected]
704-614-0006

JRN Development Partners with the City of Hickory to Create Affordable Housing

The City of Hickory North Carolina, is partnering with JRN Development, LLC to invest in the development and construction of affordable housing on city-owned property.

PARTNERED OBJECTIVE
• To provide new, energy and environmentally efficient affordable housing in the Ridgeview Subdivision neighborhood.
• Single-family detached homes in the $145,000 to $170,000 price range. Three bedrooms with two baths, garage, single and two-story floorplans.

JRN Development will be partnering with OFFSITEK for the automated offsite construction. Integrated Construction will be used for the land development and Oasis Homes for the real estate representatives.

TARGET HOMEOWNERS
• Families or individuals (households) earning 80% or less of the Hickory area median income.
• Buyers will occupy the homes themselves (owner-occupied). No investment or group buyers are permitted.
• Homes will have deed restrictions to ensure a preset 15-year period of affordability.
• Homes will resemble the existing style of current homes in the area.
• Development and construction will begin November/December 2021.

“We are very excited to provide brand new, affordable quality homes to the residents of Hickory,” said Rick Admani Abulhaj, the Managing Director and CEO of JRN Development, LLC. “Working with the city, we are bringing the latest in construction technology and environmental efficiency to provide new buyers a home they will love and a neighborhood they will be proud to be a part of.”

Hickory city officials praised the partnership as a way to expand affordable housing in the area and invest in future projects. “The city understands the need for affordable housing in Hickory. While some of it will happen organically, it is also important for the city to make a concerted effort to expand on that,” said City Manager Warren Wood. “By working with JRN Development, a partnership was created that will benefit low to moderate income households, while also allowing us to put some of the proceeds back into the Community Development Block Grant program to be used to assist others.”

The City of Hickory North Carolina, is partnering with JRN Development, LLC to invest in the development and construction of affordable housing on city-owned property.

PARTNERED OBJECTIVE
• To provide new, energy and environmentally
  efficient affordable housing in the Ridgeview
  Subdivision neighborhood.

• Single-family detached homes in the $145,000
  to $170,000 price range. Three bedrooms with
  two baths, garage, single and two-story
  floorplans.

JRN Development will be partnering with OFFSITEK for the automated offsite construction. Integrated Construction will be used for the land development and Oasis Homes for the real estate representatives.

TARGET HOMEOWNERS
• Families or individuals (households) earning
  80% or less of the Hickory area median
  income.

• Buyers will occupy the homes themselves
  (owner-occupied). No investment or group
  buyers are permitted.

• Homes will have deed restrictions to ensure a
  preset 15-year period of affordability.

• Homes will resemble the existing style of
  current homes in the area.

• Development and construction will begin
  November/December 2021

“We are very excited to provide brand new, affordable quality homes to the residents of Hickory,” said Rick Admani Abulhaj, the Managing Director and CEO of JRN Development, LLC. “Working with the city, we are bringing the latest in construction technology and environmental efficiency to provide new buyers a home they will love and a neighborhood they will be proud to be a part of.”

Hickory city officials praised the partnership as a way to expand affordable housing in the area and invest in future projects. “The city understands the need for affordable housing in Hickory. While some of it will happen organically, it is also important for the city to make a concerted effort to expand on that,” said City Manager Warren Wood. “By working with JRN Development, a partnership was created that will benefit low to moderate income households, while also allowing us to put some of the proceeds back into the Community Development Block Grant program to be used to assist others.”

MEDIA CONTACT
[email protected]

DEVELOPMENT CONTACT
Chris Younger
JRN Director of Land Acquisitions, Development and Municipalities
[email protected]

MEDIA CONTACT
[email protected]

DEVELOPMENT CONTACT
Chris Younger
JRN Director of Land Acquisitions, Development and Municipalities
[email protected]