RALEIGH— On August 5, a groundbreaking ceremony will be held for Fairhaven Meadows in Brevard. Fairhaven Meadows will provide 42 new apartments to working individuals and families making 40–70% of the area’s median income.
WHAT: Groundbreaking Ceremony
WHO: Local and state officials, Commonwealth Development Corporation, North Carolina Housing Finance Agency
WHEN: Tuesday, August 5 at 9:00 am
WHERE: Fairhaven Meadows, 235 Asheville Highway, Brevard, NC 28712
Developed by Commonwealth Development Corporation, Fairhaven Meadows was financed with federal Housing Credits allocated by the NC Housing Finance Agency.
“North Carolina is facing a shortage of affordable housing and this is especially true in communities that have been impacted by natural disasters,” said Scott Farmer, NC Housing Finance Agency executive director. “Fairhaven Meadows will help address the housing shortage that citizens in this area continue to face.”
The North Carolina Housing Finance Agency is a self-supporting public agency that provides safe, affordable housing opportunities to enhance the quality of life of North Carolinians. Since its creation by the General Assembly, the Agency has financed more than 321,320 affordable homes and apartments, totaling $34.4 billion. To learn more about the Agency and its programs, visit www.HousingBuildsNC.com.