In August 2021, DHIC was awarded tax credit funding from the NC Housing Finance Agency to build a multi-family community in Apex. Stone Glen Apartments will offer 164 one, two, and three-bedroom apartments for families serving those between 70% and 40% of the area median income (AMI).
These Apex apartments will comprise of eight garden-style walk-up apartment buildings. The location off Apex Peakway is close to downtown Apex, has access to numerous highway systems (US-1, NC-540, and US-64), and is within a mile of a GoTriangle stop. There are numerous opportunities for shopping and employment in the near vicinity. The apartment units will be energy efficient and professionally managed with community spaces and on-site management office and laundry facilities. There will be a playground, community clubhouse with fitness area, and a covered picnic area with seating and a grill as well.
Anticipated Development Timeline:
Construction began in Summer 2022
DHIC expects to complete construction in Spring 2024
Lease up is underway