In August 2021, DHIC was awarded tax credit funding from the NC Housing Finance Agency to develop Hardee Street Apartments in Durham. Hardee Street will consist of 132 apartments for families (54 one-bedroom, 54 two-bedroom, and 24 three-bedroom) in six residential buildings. The community will include a clubhouse/community building with an on-site managers’ office, community room and kitchen, business/computer center with free Internet access, and a common laundry facility. The community building also has a connected covered picnic area and screened porch adjacent to the children’s playground. Indoor and outdoor sitting areas are also provided. Hardee Street will be reserved for families at 60% and 30% of the area median income (AMI).
The Hardee Street site is located in a predominantly residential area, immediately adjacent to three apartment communities–Sherwood Park, Oakley Square, and Naples Terrace–and a single-family residential neighborhood.
Anticipated Development Timeline:
Construction to begin in May 2023
Interest list will open in September 2024
DHIC expects to complete construction by March 2025