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 will be affordable and for sale 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 2022: (Updated Annually)

1-Person: $59,950
2-Person: $68,500
3-Person: $77,050
4-Person: $85,600

DHIC will develop the lots and has partnered with Stanley Martin Homes to then build the townhomes. Sitework began earlier this fall and the lots were sold to Stanley Martin in November 2022. The first townhome building is under construction. 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 being prepared to purchasing one of the 17 affordable townhomes, please reach out to the DHIC Homeownership Center! We look forward to helping your dream of homeownership become a reality.