View this email in your browser.

This month, we’re celebrating two milestones that strengthen our mission of building vibrant, inclusive communities.

We have been awarded two highly competitive 9% Low-Income Housing Tax Credit (LIHTC) allocations from the North Carolina Housing Finance Agency. These critical resources will bring 51 affordable apartment homes to The Canopy in Cary and 53 affordable homes for seniors at Maddry Meadows in Chapel Hill. Together, these projects represent more than $13 million in new investment to expand access to housing across our region. Click to learn more.

We’re also honored to share that we received the Customer History Award at Community Housing Capital’s 25th anniversary celebration during the NeighborWorks Training Institute. This recognition reflects our long-standing partnership and shared commitment to advancing housing opportunities that last for generations.

Development Updates

Join us for an information session designed to guide you through the homebuying process and showcase available opportunities at The Village Washington Terrace on October 4 from 11:00am - 1:00pm. After the session, enjoy a tour of one of the new townhomes.

This event will take place at The Village at Washington Terrace Community Room 1951 Booker Drive, Raleigh, NC 27610. Lunch will be provided and RSVP is required. Registration will close on October 2 at 5:00pm EST. Questions? Please contact hoc@dhic.org

Hardee Street Apartments - These 1-bedroom apartments with elevated design and modern amenities are currently accepting applications. Click here to apply.

Industry News

New Insights to Support Families

The Joint Center for Housing Studies at Harvard University recently released The State of the Nation’s Housing 2025 report, highlighting record-breaking challenges across the U.S. housing market - many of which mirror trends in North Carolina.

Nationally, the average monthly housing payment for a median-priced home rose to $3,270 in 2024, up $1,225 in just three years. In North Carolina, buyers in markets like Asheville and Wilmington now need incomes of $134K–$142K annually to afford a median-priced home.

Nearly half (46.3%) of renter households in North Carolina are cost burdened, spending more than 30% of their income on housing. Of these, nearly one in four households are severely cost burdened, spending over half their income on rent.

As housing costs outpace incomes, reports like this emphasize the vital role of affordable housing development and policy in stabilizing families and communities across our state. At DHIC, we are actively working to meet this need by creating and preserving affordable homes for seniors, families, and individuals throughout the Triangle.

With your support, we can expand this impact, helping more North Carolinians access the safe, stable, affordable housing they deserve.

Homeownership Center

Buying a home doesn’t have to feel overwhelming. Join our next virtual Bringing Home the Dream Workshop on October 11 & 18 and gain the clarity you need to make smart, confident decisions. Click to learn more and register!

Thank You to Our Sponsors

Copyright © 2025 DHIC, Inc., All rights reserved.

You are receiving this email because you have supported DHIC's mission to provide safe, quality affordable housing to families and seniors in the Triangle region of North Carolina.