RALEIGH, N.C.–The member-funded State Employees’ Credit Union (SECU) Foundation, in conjunction with the North Carolina Housing Finance Agency, has provided an interest-free construction loan of $660,000 to Gaston Residential Services (GRS), Inc. for a new apartment complex in Gastonia, N.C. Kimbrell Apartments, developed by GRS, is designed to benefit low-income individuals with disabilities. The initiative also received the support of the local community, campaign contributors and partnering affiliates to bring the project to fruition.
Gaston Residential Services is one of many non-profits that has received permanent construction financing from the North Carolina Housing Finance Agency to build supportive housing projects for North Carolinians experiencing economic and social challenges. GRS has been serving Gaston County citizens for 40 years, helping individuals with disabilities become valued and integral members of their communities. The non-profit also provides Kimbrell residents access to resources and support services through its partnerships with a variety of community service providers.
“We are delighted for the financial support from SECU Foundation and the North Carolina Housing Finance Agency for the construction of Kimbrell Apartments,” said Rita Thuot, Executive Director of Gaston Residential Services, Inc. “This new apartment complex enabled eight area citizens to have a home of their own! A heartfelt thank you goes out to State Employees’ Credit Union members for participating in this life-changing project!”
Mark Wilks, Senior Vice President of SECU’s Gastonia-Union Road branch, remarked, “Through the Foundation, SECU members have partnered with the North Carolina Housing Finance Agency on many beneficial initiatives like Kimbrell Apartments to provide underserved citizens with affordable options to help them live safely and independently within their communities. We are pleased to join Gaston Residential Services in their mission to make life a little easier and better for those in need.”