RALEIGH—A groundbreaking ceremony will be held for Abbott Crossing in Goldsboro on September 11. Abbott Crossing will provide 48 new, affordable apartments for working families in the area thanks to an innovative new partnership between the NC Housing Finance Agency and the Golden LEAF Foundation in an effort to finance affordable workforce housing in North Carolina.
WHAT: Groundbreaking Ceremony
WHO: Wallick Asset Management, Inc., North Carolina Housing Finance Agency; Golden LEAF Foundation
WHEN: Thursday, September 11 at 2:30 pm
WHERE: 2721 Graves Dr. Goldsboro, NC
Developed by Wallick Asset Management, Inc., Abbott Crossing was financed with federal Housing Credits allocated by the NC Housing Finance Agency and $2 million in subordinate loans from the Golden LEAF Foundation.
“Financing partnerships are crucial to addressing the shortage of affordable rental homes in North Carolina,” said Scott Farmer, NC Housing Finance Agency executive director. “Abbott Crossing is an excellent example of how our partnership with the Golden LEAF Foundation can help our rural communities flourish.”
“Access to housing is essential to attracting and retaining a strong workforce in rural North Carolina,” said Golden LEAF President, Chief Executive Officer Scott T. Hamilton. “Golden LEAF is proud to partner with the NC Housing Finance Agency to help make Abbott Crossing a reality. This funding will not only support these 48 working families but will also strengthen the economic vitality of communities like Goldsboro for years to come.”
The North Carolina Housing Finance Agency is a self-supporting public agency that provides safe, affordable housing opportunities to enhance the quality of life of North Carolinians. Since its creation by the General Assembly, the Agency has financed more than 321,320 affordable homes and apartments, totaling $34.4 billion. To learn more about the Agency and its programs, visit www.HousingBuildsNC.com.