Cary leaders have sought increases in the amount of affordable housing to promote economic, racial and ethnic diversity while also enlarging the pool of workers for local employers, including Town government. The Town helps to provide affordable housing within its limits by providing funding assistance to developers and non-profit organizations to build low-cost housing and rental units.
View the 2020 Affordable Housing Plan adopted by the Cary Town Council in October 2010.
Affordable Housing Programs
The Town has assisted the Downtown Housing Improvement Corporation (DHIC) in funding family and elderly rental units at Highland Village. Included in this project will be future townhomes and condominiums. Read more about Senior Housing opportunities in the Town of Cary.
Other non-profit programs are also assisted by Cary such as Habitat for Humanity and Rebuilding Together. The Housing Resources guide provides information on these and other organizations that provide housing assistance. See also the Housing Resources Booklet.
Healthy Neighborhoods Initiative
The Town provides small, matching grants to qualified organizations for neighborhood improvement projects. Grants are typically limited to between $500 and $5,000 on a matching funds basis. Qualified organizations include neighborhood associations, homeowner’s associations, Community Watch groups or an organized committee of neighborhood residents.
Examples of projects that may be funded include landscaping and tree planting projects, neighborhood signage, playgrounds and environmental improvements such as restoration of watershed facilities, stream banks, ponds or stormwater facilities. Funds may also be awarded to help with the legal expense of forming a neighborhood or homeowner’s association.
This program is funded through the federal Community Development Block Grant program and provides deferred loans of up to $20,000 each to repair and rehabilitate homes to eligible homeowners, which include seniors, lower income families and disabled persons. These deferred loans become grants after five years when certain conditions are satisfied.
Typical repairs eligible for funding include replacement of roofs, heating and air conditioning systems, electrical and plumbing problems and handicapped ramps.
For more information on affordable housing contact:
Phil Smith, Planning Manager
Town of Cary Planning Department
P.O. Box 8005
Cary, NC 27512-8005