Commissioners approve $10.3M for affordable housing developments in Raleigh and Cary

Wake County officials have taken significant steps to enhance affordable housing in the region, approving a series of loan recommendations during their recent meeting on April 21, 2025. The board of commissioners unanimously agreed to allocate funds for various affordable housing developments across the county, totaling over $10 million.

Key allocations include $500,000 for Heritage Park Senior Phase 1B in Raleigh, $655,000 for the Canopy in Cary, and $1.47 million for Abbey Spring Apartments in Apex. Additionally, the board approved $3.32 million for Fisher Grove Apartments in Raleigh and $7.1 million for Chapinoke, also in Raleigh. Other notable projects receiving funding include $1.4 million for Biltmore Hills in Raleigh, $480,000 for Friendship Station in Apex, and $2.65 million for Grover's Garden in Raleigh.

The motion, presented by Commissioner Jackson and seconded by Commissioner Thomas, also included a recommendation for up to $300,000 in additional gap funding for Rose Park Manor in Cary. All funding is contingent upon future availability and the fulfillment of local approvals, including site plan approvals and necessary permits.

In a related announcement, the board recognized Mark, who has been appointed as the new deputy director of housing for the department, highlighting the county's commitment to strengthening its housing initiatives.

These decisions reflect Wake County's ongoing efforts to address the growing demand for affordable housing and support community development. As these projects move forward, they are expected to provide much-needed housing options for residents across the county.