DHIC Celebrates Two New Communities
June 29, 2016
Willow Creek Open House
On Monday, April 25, 2016, DHIC Board and staff joined over 100 residents and guests to celebrate the Open House and Dedication of Willow Creek, an affordable apartment community for seniors aged 55 and older located off of Davis Drive in Cary.
Among its guest speakers was U.S. Congressman David Price; Wake County Commissioner Jessica Holmes; Cary Town Council member, Lori Bush; and Tom Chabolla, Executive Vice President & COO, NeighborWorks® America, and a resident of Willow Creek. Also, two residents proudly opened their homes for tours.
(l to r) 1st row: Natalie Britt, VP Real Estate Development, DHIC; Wake County Commissioner Jessica Holmes; U.S. Congressman David Price; Gregg Warren, President, DHIC; Gene Davis, Board of Directors, NCHFA; 2nd row: Tom Choballa, Executive VP & COO, NeighborWorks America; Dana Boole, Executive Director, CAHEC; Lori Bush, Cary Town Council; Wake County Commissioner Caroline Sullivan; Chico Scott, DHIC Board Member; 3rd row: Steele Hall, VP, Capital Bank; David Bennett, Executive VP, CICCAR; Glenn French, DHIC Board Member; Dennis Davis, DHIC Board Member; Malcolm Lewis, DHIC Board member; 4th row: Ralph Recchie, DHIC Board Vice Chair
Willow Creek is a $7.6 million project that features 53 apartments for seniors with incomes at or below 60% of Area Median Income, which is $32,200 for a single person household. Rents range from $365 to $795 depending on income targeting and number of bedrooms.
“Willow Creek will help meet an urgent need for affordable housing in Cary and Wake County and we are happy that seniors will directly benefit,” said Gregg Warren, DHIC president. Willow Creek is situated near transportation and services, and incorporates green and healthy features that help reduce cost of living expenses for seniors living on fixed incomes.
Emerson Glen Open House
On Saturday, June 28, 2016, DHIC Board and staff again joined more than 100 residents and guests to celebrate the completion of Emerson Glen, a $7.5 million affordable apartment community for families and individuals located on Tryon Road in Southwest Raleigh.
“We are grateful to have such a wonderful place to call home,” said one of the Emerson Glen residents. “It feels good to know that my kids will grow up in a community that is beautiful and safe.”
DHIC staff pass out door prizes and gift baskets to residents at Emerson Glen
As part of a NeighborWorks® Week celebration, attendees enjoyed the outdoor event which included food, music, kids’ activities, door prizes and more. Among the guest speakers were U.S. Congressman David Price (NC-4); Jeffrey Bryson, Executive Vice President, General Counsel/Corporate Secretary of NeighborWorks® America; Russ Stephenson, Raleigh City Council Member (At-Large); Gene Davis, NC Housing Finance Agency Board member; Dana Boole, Executive Director, CAHEC; David Bennett, Executive Vice President, CICCAR; and Paul Kennedy, Senior Vice President, Carolina Bank. In addition, an Emerson Glen resident offered remarks and two residents opened their apartment homes for the public to tour.
Emerson Glen features 48 apartments (12 one-bedroom, 28 two-bedroom, and 8 three-bedroom units), ranging in size from 715 to 1,190 sq. ft. Rents range from $340 to $825 depending on household size, household income, and number of bedrooms.