Under Development

At DHIC, affordable housing development is a long-term, community-centered effort. From identifying sites and securing complex financing, to engaging neighbors through meetings and updates, we approach every project with a commitment to quality.

Low-Income Housing Tax Credits (LIHTC) is the most widely used tool for creating affordable rental housing, supporting the acquisition, construction, and rehabilitation of homes for low-to-moderate income families and seniors. Because these projects rely on multiple funding sources and public review processes, development can take several years from concept to completion.

Today, our affordable housing development pipeline includes 270 new construction homes, and 474 homes in rehabilitation.

  • The Canopy

    Cary, NC

    The Canopy will be a mixed-use community in central Cary, developed in partnership with The Carying Place, Greenwood Forest Baptist Church, the YMCA of the Triangle, and the Town of Cary. The project will create 62 affordable homes for families and individuals earning 60% or less of the Area Median Income, including 11 transitional housing units for working families experiencing homelessness.

    The community will also feature expanded childcare through Greenwood Forest’s Childcare Center, youth programming from the YMCA, and office and program space for The Carying Place to offer financial literacy, workforce development, and family support services.

    The site is on land owned by Greenwood Forest Baptist Church and includes a 50-year affordability period for the 51 family rental units.

  • Maddry Meadows

    Chapel Hill, NC

    Maddry Meadows is a planned 53-unit affordable apartment community for seniors (ages 55+) located at 2510 Homestead Road in Chapel Hill. Thoughtfully sited across from the Orange County Senior Center and adjacent to Homestead Park and the Homestead Aquatic Center, the community will offer residents easy access to recreation, services, and social connection.

    All homes will be affordable to households earning 60% of Area Median Income or below, with deeper affordability for residents at 30% and 50% AMI. The community will feature a mix of efficiency, one-, and two-bedroom apartments, along with welcoming amenities such as a multipurpose room, computer center, sunroom, screened porch, and outdoor gathering spaces.

    Maddry Meadows received a NCHFA 2025 Low-Income Housing Tax Credit award, with construction anticipated to begin in 2026 and completion expected by the end of 2027.

  • Regency Inn (O'Henry Blvd)

    Greensboro, NC

    The redevelopment of the former Regency Inn site in Greensboro will transform a long-vacant property into an affordable housing community serving seniors and families. The project will deliver new affordable homes across two thoughtfully planned phases. Phase one will include apartments for seniors, while phase two will add family-sized homes across multiple buildings.

    All residences will be affordable to households earning 30%, 50%, or 60% of the Area Median Income, helping ensure long-term housing stability for residents most impacted by rising costs. The community will also include ADA-accessible units, supporting accessibility and inclusive design.

  • Fisher Grove

    Raleigh, NC

    Fisher Grove will complete the final phase of our Washington Terrace redevelopment, delivering 166 new affordable apartment homes in Southeast Raleigh. Designed as a vibrant, mixed-income community, the development will serve households earning 20–60% of the Area Median Income, with deeply affordable units prioritized for residents with the greatest need. The community will offer a mix of one-, two-, and three-bedroom apartments to support individuals and families of varying sizes.

    Residents will have access to thoughtful onsite amenities, including a fitness center, business center, playground, multipurpose room, outdoor gathering spaces, and professional property management.

    The property will achieve the ENERGY STAR® Multifamily New Construction certification and pursue National Green Building Certification.

Rehabilitation & Preservation Portfolio

“While building new affordable housing is important, we can't let the existing affordable housing slip away. Otherwise, no matter how much new housing we add, we’ll continue losing affordable units to market-rate conversions.”
 — Joseph Omozokpea, DHIC Project Manager

Preserving affordable housing is just as critical as building new homes. As many multifamily properties across North Carolina reach the end of their original affordability periods, they face growing risks of aging infrastructure.

To address this, DHIC reinvests in existing communities to ensure they remain safe, accessible, and affordable. Many rehabilitation projects focus on energy efficiency and accessibility, helping residents reduce costs and better navigate their homes and communities. Explore our Rehabilitation & Preservation Portfolio below.

  • MacGregor Village

    Greenvile, NC

    MacGregor Village, an 80-unit family property located in Greenville, is slated for rehabilitation in 2026 thanks to an award of funds through the North Carolina Housing Finance Agency’s Rental Preservation Loan Program (RPLP).  The RPLP program will allow for substantial renovation of the existing structures, including new flooring, carpet, cabinetry, HVAC systems, siding, and more. Substantial work will be done to the site itself to improve site accessibility and parking.

    Learn More

  • Bay River

    Bayboro, NC

    Bay River, a 20-unit family property located in Bayboro, is slated for rehabilitation in 2026 thanks to an award of funds through the North Carolina Housing Finance Agency’s Rental Preservation Loan Program (RPLP).  The RPLP program will allow for substantial renovation of the existing structures, including new flooring, carpet, cabinetry, HVAC systems, siding, and more, including minor work to the site itself (sidewalks and access).

    Learn More