FAYETTEVILLE, NC – WNC & Associates (WNC), a family-owned business known as both a pioneer and leader in the affordable housing industry joined Resource Housing Group, Inc. and East Carolina Community Development, Inc. to celebrate the grand opening of Cliffmore Park, a new 72-unit affordable housing community for adults ages 55 and older located at 5133 Identity Lane in Fayetteville, NC.
Supported through the Low-Income Housing Tax Credit (LIHTC) program and serving households earning 40%, 50%, and 60% of Area Median Income (AMI), Cliffmore Park expands access to high-quality affordable senior housing. Cliffmore Park is WNC’s second affordable housing investment in Fayetteville, and the company invested approximately $6.5 million in equity to support the development.
“Cliffmore Park reflects the power of thoughtful partnerships to create housing that allows seniors to age with dignity, independence, and stability,” said Ryan Thayer, assistant vice president of originations at WNC. “We are grateful to Resource Housing Group, East Carolina Community Development, and our financing partners for helping bring this community to life. Together, we have created quality affordable housing with the amenities, services, and accessibility features that support healthy and connected lives.”…