October 19, 2022
DHIC is pleased to announce that the North Carolina Housing Finance Agency (NCHFA) awarded 2022 Low-Income Housing Tax Credits in the amount of $991,236 to Creston Commons, located in Southern Pines, NC.
This award will allow DHIC to move forward with the rehabilitation of 80 units that were originally completed as two separate phases in 2001 and 2005. Renovations will include replacing all major building systems, including HVAC, appliances, cabinetry, and plumbing fixtures. During the renovation, we’ll also make significant improvements to the exteriors of the buildings, including new windows, doors, siding, and roofs.
DHIC continues to prioritize preserving and reinvesting in our aging properties so we can continue providing safe, quality, and affordable housing to current residents of existing DHIC communities. You can see the full 2022 NCHFA Awards list here.