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Rocky Mount Gains 64 Affordable Apartments for Seniors Rep. Tolson to Speak at Opening April 25

Press Contact Only:
Margaret Matrone, NCHFA, 919-877-5606,
Connie Helmlinger, NCHFA, 919-877-5607,


State Representative Joe P. Tolson will speak at the grand opening of Rollinwood Manor in Rocky Mount on April 25. Rollinwood Manor offers 64 apartments for seniors 55 and older who earn 60 percent or less of median income. The community was developed by United Property Management, LLC, and Enterprise Community Investment, Inc., using Housing Credits awarded by the North Carolina Housing Finance Agency.  

Speakers:

David W. Combs, mayor, Rocky Mount, NC

Representative Joe P. Tolson

Bob Kucab, executive director, N.C. Housing Finance Agency

Fred G. Mills, president, United Property Management

Bishop R.T. McCarter, Morning Star Church of Christ

Stephen Smith, director, Enterprise Community Investment, Inc.

Date/Time:

April 25, 1:00 p.m.

Location:

144 Rollinwood Manor (intersection of S. Glendale Dr. and Rollinwood Dr.)

Onsite Contact:

Will Parry-Hill, 919-622-8236

Rollinwood Manor features a three-story building with an elevator, energy-efficient one- and two-bedroom apartments, a secure keypad entry system, and accessible units for people with disabilities. The $5.8 million development was financed in large part by federal and state tax credits awarded by the N.C. Housing Finance Agency. Enterprise Community Investment then purchased the federal credits, providing equity for the project.

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 Housing Trust Fund, which finances independent living apartments for people with disabilities in many Housing Credit properties.

“Representative Tolson’s support for affordable housing makes developments like this possible,” said Bob Kucab, executive director of the N.C. Housing Finance Agency. “Rollinwood Manor is an example of the type of housing financed by the Housing Trust Fund.”

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The North Carolina Housing Finance Agency is a self-supporting public agency. It has financed 184,000 affordable homes and apartments in the last three decades, including nearly 74,000 homes for first-time home buyers. To learn more, go to www.nchfa.com or call 919-877-5700 or 800-393-0988.