Residential Real Estate

McArthur Park II increases affordable housing and community resilience in Fayetteville

By Staff Report, posted 2 years ago
Photo provided by ReBUILD NC

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. 

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Getting things done in Dunn: Nancy Blackman reflects on her career in supporting and funding small businesses in rural NC

Nancy Blackman. Photo provided by Blackman.In the landscape of regional rural economic development, Nancy J. Blackman stands out for providing financial opportunities to hundreds of small businesses and helping them to forge a path forward in uncerta


On a mission: Kaylynn Suarez is ready to engage with the community as the new executive director of the Fayetteville Dogwood Festival in 2025

PHOTO BY RAYMIE DAY PHOTOGRAPHY Kaylynn Suarez became executive director of the Fayetteville Dogwood Festival in December of 2024. Since then, she has outdone herself at every turn. But it’s not just all her experience, Suarez’s positive, go-get


Editor's note: "I'm Every Woman"

Happy Women’s History Month all! I hope you took some time to reflect on the important women in your life on International Women’s Day this past Saturday, March 8. I myself have had the unofficial theme song of the month “I’m Every Woman” by the irre