The North Carolina Office of Recovery and Resiliency has funded its largest affordable housing project to date, an 80-unit affordable multifamily apartment development in Fayetteville called McArthur Park II. The apartments were constructed to alleviate housing needs in an area that lost units due to past hurricanes Matthew and Florence while allowing residents to stay in their community.
The Cumberland County housing project was made possible by $9.8 million in federal long-term disaster recovery funding provided through the NCORR Community Development Program. In total, the NCORR program has committed more than $81.4 million in funding to projects that will create more than 1,000 affordable rental units, both in public housing and in private multifamily developments in storm-impacted regions of the state.
The McArthur Park II development is an example of NCORR’s focus on affordable housing as part of a larger community development and resilience goal. The apartment development is located strategically within one mile of necessary services, such as shopping centers and a park. The units are earmarked for families whose income is at or below 60 percent of the area median income, which is approximately $35,760 based on HUD 2021 data.
NCORR partnered with North Carolina Housing Finance Agency, City of Fayetteville, Wells Fargo, Low Income Housing Tax Credit Equity Investors and United Developers.
To wrap up the first day, attendees were able to meet up for a social event at the Brad Halling American Whiskey Ko. in Southern Pines where a $10,000 check was presented to the Joint Special Operations Foundation for their scholarship fund. Photo pr
The three-story, 200,000 square-foot business incubator space is located at 420 Maiden Lane. The building features an elevator, construction has begun on handicap bathrooms for the first floor and the second and third floors feature window walls offering views of Segra Stadium.
Image provided by FTCCFocused on building the local workforce and streamlining the education process through real world learning, the Hope, Opportunity, Prosperity through Education Program at Fayetteville Technical Community College (FTCC), also kno