RALEIGH—Many North Carolina families struggle to find safe housing that they can afford close to jobs, schools and health care. In High Point, dozens of families will now have a home to enjoy for years to come at Hartley Ridge, a new affordable apartment development.
Hartley Ridge will hold a grand opening and ribbon-cutting ceremony on Friday, April 26, at 11 a.m., at 2615 Ingleside Drive in High Point. In attendance will be Congressman Ted Budd, state Senator Michael Garrett and representatives from the offices of Senators Richard Burr and Thom Tillis.
Hartley Ridge will provide 84 apartment homes for families who are at or below 60% of the area median income. The one- two- and three-bedroom apartments feature walk-in closets, outside storage, a community room, computer center, covered picnic area, exercise room and playground.
Hartley Ridge was developed by Wynnefield Properties, Inc., and funded in part by 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 Tax 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 High Point will now have more affordable options thanks to Hartley Ridge,” said Scott Farmer, executive director of the NC Housing Finance Agency. “Hartley Ridge is a great example of how affordable housing investments can impact communities and their residents.”
For more information about the North Carolina Housing Finance Agency and how it finances affordable housing statewide, visit HousingBuildsNC.com.
The North Carolina Housing Finance Agency, a self-supporting public agency, has financed 282,080 homes and apartments since its creation in 1973.