A ribbon-cutting ceremony for Cooper Creek Heights Apartments, a new family housing development, will be held this Friday at 11:30 a.m. The community was developed by WKZ Development LLC and Weavercooke LLC of Greensboro, using Housing Credits awarded from the North Carolina Housing Finance Agency.
April 25, 2014 - 11:30 a.m.
106 Morning Glory Circle, Mocksville
Cooper Creek Heights features 56 units comprising one-, two- and three-bedroom apartments. The apartments serve individuals with incomes of $33,960 or below (for a family of four -- income limits vary based on household size). Rents range from $365 to $650.
The development’s amenities include a playground, exterior seating, covered picnic area with tables and grills, a gazebo, multi-purpose room, exercise room with new equipment, a screened porch and a computer center.
The $7.2 million development was financed in large part by federal and state tax credits awarded by the NC Housing Finance Agency. The Agency finances the statewide construction of affordable rental apartments using federal and state housing credits, low-interest loans, and tax-exempt bond allocations.
In addition, the Agency administers the state’s 25-year-old Housing Trust Fund, which provides loans for development of rental apartments.
“Cooper Creek Heights provides a safe, comfortable and affordable neighborhood for working families in Mocksville and is an attractive asset for the surrounding community,” said Bob Kucab, executive director of the NC Housing Finance Agency.
The NC Housing Finance Agency, a self-supporting public agency, has financed more than 221,000 affordable homes and apartments statewide since its creation in 1973.