DUBOIS CAMPUS CONCEPT
Potential Redevelopment Scenarios
Concept Plan
Scenario A: Rental Housing Development with Nonprofit Developer
FIGURE: 4.C.2
Commemoration Area Central Open Space Event Space and Community Facility Existing Agriculture Building : Learning Center/ Admin Existing Buildings : Reuse Opportunity New Building: Additional Learning Center/ Educational Facility Existing Building : Reuse Opportunity Existing Gymnasium : Reuse Opportunity, Recreation, Education New Buildings: Community Facilities Residential (Mixed Income, Senior Housing - Single- and Multi-Family) Townhomes Outdoor research, environmental education, meadows, wetland
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• The development assumes that a nonprofit developer partners with the DuBois Alumni Association on a 57-unit residential development under a 99-year ground lease. • The ownership of the land is retained by the Alumni Association • A payment is made to the Alumni association for each parcel when developed or could be paid over a 5-year period. • Proceeds from the land payment would go to Alumni Association to renovate or maintain building space on the DuBois Campus or leverage as matching funds for grant opportunities. • Nominal ground lease payments made by tenants to nonprofit developer to fund housing maintenance reserve.
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Scenario B: For Sale Housing Development Under a Ground Lease with a Community Land Trust
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• The development assumes that a community land trust partners with the DuBois Alumni Association on a 57-unit residential development under a 99-year ground lease, similar to Scenario A. • The ownership of the land is retained by the Alumni Association. • A payment is made to the Alumni Association for each parcel. • Proceeds from the land payment would go to Alumni Association to renovate or maintain building space on the DuBois Campus or leverage as matching funds for grant opportunities. • Nominal ground lease payments made by tenants to nonprofit developer to fund housing maintenance reserve • Housing tenants buy just the home at predetermined sales price based on 65% and 80% AMI limits. Outside subsidies brought in to fill the funding gap and make forgivable down payment for homeowners.
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Data Sources: Town of Wake Forest, Wake County
Please note that the concept plan illustrates potential ideas for redevelopment of the campus.
Key Ideas
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Scenario C: Sale of Land for Development of a Multi-family Rental Project
• The development assumes that the DuBois Alumni Association sells 8 acres of land for an affordable housing development on the northern portion of the DuBois Campus. • 122 apartment units are constructed with 100% affordable units for households making 50% and 60% of Area Median Income • Assumes that Wake County provides land acquisition subsidy to pay the Alumni Association for the fair market value of their 8 acres of land, estimated at $2.9 million. • Assumes that a nonprofit developer partners with Wake County, Wake Forest and the DuBois Alumni Association.
• Celebrate the history of the site and neighborhood • Create a commemoration area on the former school site • Create a “campus” like environment with open spaces and walkable streets as organizing elements • Preserve existing buildings and build new buildings, as needed • Dedicate part of the site to educational opportunities • Provide community amenities (central open space, public gathering - both outdoor and indoor, recreation, job training, etc.) • Provide residential opportunities (townhomes, detached and attached single family)
Chapter 4: Appendix
Northeast Community Plan
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