RALEIGH—More than 44% of North Carolina renters pay over 30% of their income for housing and are considered cost-burdened, unable to find safe housing they can afford close to jobs, schools and health care. In Lumberton, where affordable housing stock is still well under the demand made even more scarce by the recent natural disasters, affordable housing can be difficult to find.
Griffin Park Apartments will hold a grand opening and ribbon-cutting ceremony on Friday, June 7, at 10 a.m., at 1970 North Roberts Avenue in Lumberton.
A new, four-building apartment development, Griffin Park will provide 72 new apartment homes for families who are at or below 60% of the area median income. The development includes one-, two- and three-bedroom garden-style apartments including eight units equipped for residents with mobility impairments. The complex features amenities like a fitness center, computer work stations and office facilities and the development is within one mile of local shopping.
Griffin Park was developed by MC Morgan & Associates, Inc. and was funded in part by federal Housing Tax Credits, administered by the North Carolina Housing Finance Agency. The Agency awards Housing Credits every year under a highly competitive process, receiving three to four applications for every one that receives credits. In exchange for the financing provided through the Housing Credit, owners agree to keep rents affordable for a period of 15 to 30 years for families and individuals with incomes at or below 60% of the local median income. The Housing Credit has financed nearly 100,000 apartments in North Carolina for seniors, working families and people with disabilities.
“Families in Lumberton will now have more affordable options thanks to Griffin Park Apartments,” said Scott Farmer, executive director of the NC Housing Finance Agency. “This development is yet another example of how affordable housing investments can impact communities and their residents, especially in areas like Robeson County that have been hit hard by natural disasters.”
For more information about the North Carolina Housing Finance Agency and how it finances affordable housing statewide, visit HousingBuildsNC.com.