The Townhomes at Washington Terrace are the fourth phase of the redevelopment of Washington Terrace. This phase will provide fifty-eight (58) for sale townhomes. Seventeen (17) of which are affordable to low- and moderate-income first-time homebuyers earning 80% or less of the Area Median Income.
80% Area Median Income Limit by Number of Household Members for Wake County for 2023: (Updated Annually)
1-Person: $63,500
2-Person: $72,550
3-Person: $81,600
4-Person: $90,650
DHIC developed the lots and has partnered with Stanley Martin Homes to then build the townhomes. Sitework began fall 0f 2022 and the lots were sold to Stanley Martin in November 2022. The construction of the townhomes is underway. The completed townhomes will be sold by Stanley Martin Homes with DHIC assisting with the marketing of the 17 affordable townhomes.
If you are interested in learning more about the affordable townhomes, please contact the DHIC Homeownership Center at HOC@dhic.org.