Weston Trace Apartments in Garner, NC, is a great example of reinvesting in communities to preserve affordable housing opportunities for families and seniors. In 1996, DHIC partnered with Wake County, North Carolina Housing Finance Agency (NCHFA), Enterprise Community Partners and BB&T to develop Weston Trace, as one of Garner’s earliest multi-family affordable rental communities, serving households with incomes at or below 60% of the area median income.
After 20+ years, we are proud to announce that we have completely renovated the 48 apartment homes at Weston Trace, investing over $2.5 million in direct improvements and upgrades. Our partners for the renovation project include North State Bank as the construction and permanent lender, the North Carolina Housing Finance Agency, and RBC Capital Markets.
As part of this extensive rehab, residents will enjoy beautiful new kitchens, new floorings, a new playground, and a renovated clubhouse. They will also benefit from reduced electric bills resulting from the installation of new Energy Star appliances, HVAC systems, energy efficient windows, and siding.
“We consider this rehab project a win for the families at Weston Trace Apartments and a wonderful re-investment in the Garner community,” said Kayla Rosenberg Strampe, DHIC Project Manager.
Best of all, there will be no rent increases, keeping rents the same as before the renovations. “Our goal throughout the process was to improve the quality of life for residents, while ensuring their rents remained affordable,” said Kayla.
As the leading affordable housing developer in the Triangle, DHIC owns 41 apartment communities totaling more than 2,424 affordable apartments across nine counties in North Carolina. Our goal is to maintain our communities as affordable in perpetuity and we are proud to have guaranteed this at Weston Trace Apartments for another 30 years.