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 2021:
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 are projected to be completed in early Spring 2022 with the construction of the townhomes anticipated to start in late Spring 2022. Completion of the townhomes is estimated to be in late 2023. 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 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.