Horizon Development Partners Inc. Offers Upscale Living at Affordable Prices

CHARLOTTE, NC – Horizon Development Properties, Inc. (HDP) CEO and President A. Fulton Meachem Jr. was joined by Congresswoman Alma Adams (NC-12), Charlotte Mayor Jennifer Roberts and Councilwoman Patsy Kinsey for the grand opening of their newest affordable senior living property, The Landing at Park Road. Located at 1147 Marsh Road in Charlotte‘s Sedgefield neighborhood, the new 92-unit community offers affordable, yet stylish apartment homes designed for adults 55 and older.

Ideally situated at the intersection of Park Road and Marsh Road, The Landing at Park Road includes convenient access to shopping and public transit, and features amenities for the residents such as garden spaces, a cozy library, club room, TV lounge, fitness room and a coded entry system for extra peace of mind. The new
community is professionally managed by Blue Horizon Property Management.

“The Landing at Park Road is really the crown jewel of HDP, Inc. portfolio and is the ideal home for the active senior who embraces their vibrancy,” said Troy A. Drawz, the Executive Vice President of Horizon Development Properties Inc. “HDP, Inc.’s core mission is to provide quality housing for people with diverse incomes. The
addition of The Landing at Park Road provides our community’s seniors with a place where they can live an active and independent lifestyle, in a community that is affordable for them.”

The $15.7 million construction project was developed for seniors with incomes at or below 60% of the area median income. Horizon Development Properties, Inc. financed the project with sources including $9 million in Low Income Housing Tax Credits and $1.38 million from the City of Charlotte Housing Trust Fund. Interested
residents should call 704-336-2515 for a tour.

About HDP Inc.
Horizon Development Properties, Inc. (HDP) is a nonprofit development company guided by our mission. We embody this mission by developing and managing a portfolio of nearly 4,000 high quality, affordable rental apartments for families, seniors and the disabled. As one of Charlotte’s most established firms in affordable
housing, we have a long-term perspective that is invaluable in our industry. We pride ourselves on being a local developer with national appeal. Go to www.hdproperties.org for more details.

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