Recognizing the need for affordable housing in the community, the City of Hickory launched the Hickory Affordable Housing Initiative in 2020. This initiative utilizes available HOME funding to construct affordable houses on vacant City-owned property. HOME is the largest federal block grant to state and local governments designed exclusively to create affordable housing for low-income households.

On January 21, 2020, Hickory City Council approved an agreement with the Unifour HOME Consortium and the Western Piedmont Council of Governments to use $300,000 of federal HOME funds to construct two affordable houses in a new subdivision in the Ridgeview community of Hickory.

On October 19, 2021, the Hickory City Council approved an agreement with JRN Development to further invest in the development and construction of affordable housing on city-owned property.

Ridgefield Place

The City of Hickory subdivided City-owned property at the current address of 932 3rd Street Place SW into four lots (Lot 1, Lot 2, Lot 6 and Lot 7). The new subdivision is named Ridgefield Place.

Construction of the first two homes on Lot 6 and Lot 7 in Phase 1 of Ridgefield Place has been completed and the homes have been purchased. JRN Development is currently constructing six new affordable homes in this subdivision.

Eligibility

Affordable houses in Ridgefield Place will be made available to households earning less than 80 percent of the area median income.

Please contact the Community Development Division at (828) 323-7414 for more information.