RALEIGH— On September 5, a groundbreaking ceremony will be held for Oak Ridge Park in Ayden. Oak Ridge Park will provide 80 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 rural North Carolina.
WHAT: Groundbreaking Ceremony
WHO: Mayor of Ayden, Golden LEAF Foundation, Resource Housing Group, Inc., North Carolina Housing Finance Agency
WHEN: Friday, September 5 at 11:00 am
WHERE: 323 Arbors Park Circle, Ayden, NC
Developed by the Resource Housing Group, Inc., Oak Ridge Park was financed with federal Housing Credits allocated by the NC Housing Finance Agency and $2 million in subordinate loans from the Golden LEAF Foundation.
“Our partnership with the Golden LEAF Foundation allows us to help address housing shortages in rural communities across the state,” said Scott Farmer, NC Housing Finance Agency executive director. “Oak Ridge Park will be essential to uplifting its community with safe, affordable housing.”
“Golden LEAF is proud to partner with the NC Housing Finance Agency to help make Oak Ridge Park a reality,” said Golden LEAF President, Chief Executive Officer Scott T. Hamilton. “Access to affordable workforce housing is critical to attracting and retaining a strong workforce in rural North Carolina. This funding will not only support these 80 working families but also strengthen the economic vitality of communities like Ayden 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.