The grand opening of Millstone Landing, offering 88 new apartments for families in Fayetteville, will be held tomorrow, October 20, at 10:15 a.m. The community was developed by United Developers, Inc., using Housing Credits awarded by the NC Housing Finance Agency. Representatives from the offices of Senator Richard Burr and Congressman Richard Hudson are expected to attend, and NC Housing Finance Agency Board Member Paul Kennedy will speak.
Millstone Landing, already fully leased, offers two- and three-bedroom homes for renters with incomes at $33,120 and below (for a family of four). Millstone Landing features a multi-purpose room and computer center and outdoor amenities including a playground and tot lot.
The $10.7 million development was financed in large part by federal tax credits awarded by the NC Housing Finance Agency. The Agency finances the statewide construction of affordable rental apartments using Housing Credits, the state’s Workforce Housing Loan Program, low-interest loans and tax-exempt bond allocations.
“Welcoming these families into their new homes is the result of many months of hard work and dedication on behalf of the funding and development partners and many others,” said Scott Farmer, executive director of the NC Housing Finance Agency. “This community and others like it are excellent examples of how public-private partnerships can leverage resources to improve communities and lives.”
October 20, 2017, 10:15 a.m., 3200 Moonlight Way, Fayetteville
Troy Hershberger, 919-981-2647
For more information about the Agency’s affordable housing investments, visit www.nchfa.com.
The North Carolina Housing Finance Agency, a self-supporting public agency, has financed 255,000 homes and apartments since its creation in 1973.