A house isn’t finished until the first family photo is hung, the toys are unpacked, and a family sits down for their first meal, together, at home.
DreamKey Partners has the unique opportunity to connect individuals and families not just with four walls and a roof but with a true home for years, and even generations, to come. Somewhere kids will play catch, neighbors will grill in their backyards and friends will laugh in the living room for hours on end. Somewhere families and friends can gather, year after year, for holidays, milestones and special occasions.
In 2020, DreamKey Partners re-introduced its single-family development business as Aveline, a community brand that provides high-quality homes and townhomes for people from all walks of life. Prior to the COVID-19 pandemic, Charlotte and other cities across the nation were already fighting an ongoing epidemic of housing affordability, which has only been exacerbated by the current unsteady social and economic climate. Aveline homes aim to help close the gap on generational poverty and affordable options for qualifying homebuyers.
“Homeownership propels our mission,” said Fred Dodson, chief operating officer and executive vice president of real estate. “We’re always trying to create new homeowners and homebuyers, but in the current market, they’re struggling to find affordable properties.”
Surrounded by three ponds and ample green space, Aveline at Coulwood is the first single-family community under DreamKey Partners’ Aveline brand. Currently, under construction, the community will consist of 52 homes in northwest Charlotte and will start in the mid-$200s.
“Given the great location, we saw Aveline at Coulwood as an opportunity to bring affordable homes to the community. Our short-term goal is to create new inventory and provide opportunities for homebuyers, but our long-term goal is to get as much affordable inventory on the market as possible to create new homeowners and generational wealth,” said Sammy Jackson, real estate development manager.
DreamKey Partners’ Homebuyer Education Center aims to create at least 300 new homebuyers each year. In 2020 alone, the center has worked with more than 1,200 individuals who are interested in becoming homeowners.
Sammy shared, “We understand the value of homeownership and the generational impact it can have on a family. Homes are where families are raised, equity is built and pride is instilled. Aveline is where legacies are created, and families are forever changed for the better.”
Fred values the great impact homeownership has on family generations, just as it has in his family. “I grew up without a lot of money, but we were very fortunate,” shared Fred. “My parents worked hard, persevered, and found a way to buy a home that is still in my family today, many decades later. It’s been a place we can all call home, proving important to the past, present and the future of our family.”
Throughout the pandemic, the cost of building supplies soared and the housing market continued to rise, adding strain as DreamKey Partners continues to provide much-needed affordable living solutions. But through the power of partnerships with like-minded civic leaders, investors, developers, nonprofits and a host of others, the organization remains resilient and steadfast in building affordable options for families.
“These homes will outlast their first buyers and leave a legacy with the families they touched,” said Fred. “It changes the entire trajectory for generations to come and that is monumental for both families and communities.”
Aveline at Coulwood is nestled on the Northwest side of Charlotte and will feature three-bedroom, three-bathroom homes with optional bonus rooms and one- or two-car garages. The two- and three-story homes will start in the mid $200s preserving a level of affordability in submarket that is experiencing increasing prices points. Visit avelineatcoulwood.com to learn more.