Downtown Winston-Salem is one step closer to having its first known cooperative housing community at a five-unit complex at 207 N. Spring St.
On Aug. 12, city councilmembers on the Community Development, Housing and General Government committee recommended that the full city council forgive a $156,870 loan that will clear the path for nonprofit Spring Street Co-op to obtain the property. The debt must be paid or forgiven before the property can be transferred from the current owners, Partners for Homeownership, to the nonprofit. Spring Street Co-op was born from the organizers with Housing Justice Now, a local tenant advocacy group.
The property at 207 N. Spring St. was used for several years by AIDS Care Service of Forsyth County until 2016. It has sat vacant for years since then.
Read the rest at Triad City Beat
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