Wake loans $$$ for affordable housing
W.C. and Irene Stephenson would be delighted by Wake Forest plan Monday the Wake County commissioners gave their backing and $12.6 million to develop nine affordable housing developments, one of them in Wake Forest. The money will be loaned to the developers who will add 920 affordable rental units if they can get tax credits from the N.C. Housing Finance Agency this fall. The rental units will be built in five Raleigh developments, two in Garner, one in Apex and the one in Wake Forest. That Wake Forest plan is to build 68 units for people 55 and older with rents ranging from $467 to $1,086 on the south side of Durham Road in a project called Crenshaw Trace. There is a long story associated with that land. The Woda Group won a rezoning to residential mixed use for the 4.2 acres in March 2018. Assistant Planning Director Brendie Vega