WeBuild Concord
Number of single‐family, multi‐family, mixed‐use, and mixed‐income developments built or under construction.
Current Value
74
Definition
WeBuild Concord settled on a resale formula and shared equity model for the Community Land Trust. Those homeowners who purchase a home through the land trust, will be guaranteed a 2.5% increase each year regardless of the market. Within the first two quarters of 2022, WeBuild Concord announced several multi-family and single-family developments. The Lincoln Street Townhome Project will consist of twenty-six townhome units reserved for affordable ownership for households earning 60-80% of the area median income. According to Executive Director Patrick Graham, the Lincoln Street Townhome project, located in Concord's Logan Community will consiste of two-thirds of the units being in the land trust, with the other one-third designated for workforce housing.
Story Behind the Curve
- WeBuild Concord’s housing development activity has grown significantly, from 26 developments built or under development in FY 2022-23 to 74 in FY 2025-26.
- The largest increase occurred between 2022 and 2023, followed by continued, more gradual growth over the past two years.
- This growth reflects continued investment and partnerships to expand affordable and attainable housing options for Cabarrus County residents. WeBuild currently serves households earning approximately 30%-120% of Area Median Income (AMI).
- Development continues, with 82 developments reported in progress for FY 2026-27.
Description
Number of single-family, multi-family, mixed-use, and mixed-income developments built or under construction by WeBuild Concord
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