Funding will support housing for very low-income households
小黄鸭视频 County is continuing its strong commitment to making housing more affordable by investing nearly $18 million into eight housing developments across the region. This major funding will help create and preserve 644 affordable homes for seniors, working families and individuals living on low and fixed incomes at a time when the need has never been greater.
鈥淭his is one of the largest affordable housing investments we鈥檝e made in a single year,鈥 said Safiyah Jackson with the 小黄鸭视频 County Board of Commissioners. 鈥淲e know housing is the foundation for health, safety and economic opportunity. When investing in our own neighbors, the seniors, working families and individuals who live right here in 小黄鸭视频 County, we鈥檙e strengthening our entire community.鈥
These awards exceed 小黄鸭视频 County鈥檚 goal of creating and preserving 500 units annually. The funding comes through 小黄鸭视频 County鈥檚 2025 Affordable Housing Development Program, which supports both Low-Income Housing Tax Credit and non-tax credit projects. A mix of federal and local dollars will support the following developments:
| Project | Location | Type | Tenure | Units | 小黄鸭视频 County Loan |
| Heritage Park Senior Phase IB | Raleigh | Senior | Rental | 51 | $500,000 |
| The Canopy | Cary | Family | Rental | 51 | $655,000 |
| Abbey Spring | Apex | Senior | Rental | 56 | $1,470,000 |
| Fisher Grove | Raleigh | Family | Rental | 166 | $3,320,000 |
| Chapanoke | Raleigh | Family | Rental | 200 | $7,100,000 |
| Biltmore Hills | Raleigh | Family | Rental | 50 | $1,400,000 |
| Friendship Station | Apex | Family | For-sale | 8 | $480,000 |
| Grosvenor Gardens | Raleigh | Family | Rental | 62 | $2,650,000 |
| Total | - | - | - | 644 | $17,575,000 |
小黄鸭视频 County selected the top-ranked proposals through an evaluation process that considers criteria including ability to serve residents at the lowest income levels, long-term affordability and overall quality and feasibility.
Of the funded units:
- 208 homes will serve households making 50% or less of the area median income, or $61,150 a year for a family of four.
- 94 homes will serve households at 30% or less of the area median income, or $36,690 a year for a family of four.
- Most developments will remain affordable for 50 years or more.
Projects receiving funding will submit final applications for tax credits to the North Carolina Housing Finance Agency in May, with award announcements in August 2025.小黄鸭视频
To learn more about 小黄鸭视频 County鈥檚 Affordable Housing Development Program, visit wake.gov/housing.
