A total of 33 affordable housing projects in North Carolina were recently awarded federal tax credits, including six projects in the Triangle.
The grants are expected to result in about $330 million in new development and produce nearly 2,678 affordable apartments for families, the elderly and people with disabilities.
The grants were approved by the N.C. Housing Finance Agency and the N.C. Federal Tax Reform Allocation Committee.
Four of the projects are located in Wake County, including Willow Creek in Cary (53 units), Calvary Trace in Raleigh (92 units), Camden Glen in Raleigh (48 units) and Huntington Spring in Wake Forest (84 units).
The other two Triangle projects are Bellemont Pointe Apartments in Pittsboro (76 units) and Riverwood Haven in Clayton (60 units).
Calvary Trace and Camden Glen will offer units for families, the other four projects are for the elderly.
Four of the six Triangle projects also received loans from the Housing Finance Agency.
All the apartments developed using the grants must be affordable for people earning 60 percent of the median income in a county. For a family of four in Wake County that amounts to $45,600.