Wallick is Awarded Two 9% Tax Credit Awards in North Carolina
On Wednesday, August 14, the North Carolina Housing Finance Agency (NCHFA) awarded Wallick two 9% low-income housing tax credit allocations to finance the construction of Abbott Crossing Apartments and Zachary Pointe Apartments.
These highly competitive Housing Credits and other forms of financing were awarded to 34 developments in North Carolina.
- Abbott Crossing Apartments received $795,000 in tax credits from NCHFA and $2 million in soft funding from the state. Located in Goldsboro, Wayne County, the development will feature 48 multifamily units of 1-, 2- and 3-bedroom apartments.
- Zachary Pointe Apartments received $986,000 in tax credits from NCHFA. Located in Winston-Salem, Forsyth County, the development will feature 60 multifamily units of 1-, 2- and 3-bedroom apartments.
Both communities will offer amenities for residents, including a picnic area, outdoor seating, a multipurpose room, a laundry facility, a business center and a playground.
We look forward to continuing to grow our presence across the North Carolina region and supporting residents in need of safe, secure housing. When complete, Abbott Crossing Apartments and Zachary Pointe Apartments will provide 108 families with a beautiful new place to call home.
Thank you to NCHFA and Wallick Development Leads Jake Gill and Brandon Barcena, whose tenacity and expertise were crucial to bringing these projects to success.
