{"id":2553,"date":"2026-06-16T09:03:55","date_gmt":"2026-06-16T09:03:55","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=2553"},"modified":"2026-06-16T09:03:55","modified_gmt":"2026-06-16T09:03:55","slug":"triangle-nonprofit-delivers-mixed-income-neighborhood-starting-in-the-mid-400ks","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=2553","title":{"rendered":"Triangle nonprofit delivers mixed\u2011income neighborhood starting in the mid $400Ks"},"content":{"rendered":"

AI-generated summary reviewed by our newsroom.<\/p>\n

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In a region where rising housing costs continue to outpace local incomes, a small nonprofit has opened a 30-unit \u201cmixed\u2011income\u201d townhome community on the Apex-Cary border in Wake County.<\/p>\n

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The White Oak Foundation<\/a>, a longtime community services organization rooted in White Oak Missionary Baptist Church<\/a>, launched its two-story townhome development on Dominion Crest Drive in Cary (with an Apex address) last week. It sits about five miles northwest of downtown Apex, within walking distance to the American Tobacco Trail, White Oak Elementary School, and the Young Scholars Childcare facility.<\/p>\n

The neighborhood features 3- and 4-bedroom layouts spanning about 1,789 square feet \u2014 as well as a daycare, medical clinic, food pantry and senior activities center.<\/p>\n

\u201cThis is a special moment for our organization and for the community,\u201d the Rev. Charles R. Tyner Sr<\/a>., the foundation\u2019s executive director, said at the ribbon-cutting ceremony Wednesday. \u201cWe look forward to continuing on this journey to make a positive difference.\u201d<\/p>\n

The project, supported by financing from North State Bank<\/a> and gap funding from the town of Cary, reflects a broader shift in local housing strategy. As land prices climb and federal subsidies lag, towns like Apex and Cary are increasingly relying on mission\u2011driven groups and public-private partnerships<\/a> to deliver income\u2011restricted housing.<\/p>\n

White Oak homes are actively listed and selling in the mid $400,000s<\/a>. That\u2019s well below the current median sale price currently hovering around $602,000, according to Zillow\u2019s latest estimates<\/a>.<\/p>\n

Half the homes will be sold at market rate, while the other half will be preserved in perpetuity as affordable rentals for households earning up to 80% of annual median income (AMI): roughly $72,950 for an individual or $104,200 for a family of four. That typically translates to rents around $1,650 for a one\u2011bedroom, $1,810 for a two\u2011bedroom, and $2,270 for a three\u2011bedroom in Apex, according to recent data from the U.S. Department of Housing and Urban Development<\/a>.<\/p>\n

Monthly homeowners\u2019 association fees are approximately $150.<\/p>\n

The Apex-based foundation also plans to build a $20 million, 60-unit independent living center for residents 55 and older.<\/p>\n

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For Apex Mayor Jacques Gilbert, the project represents both a local achievement and a regional challenge.<\/p>\n

\u201cThis is about more than housing affordability \u2014 it represents stability, dignity and long\u2011term community impact,\u201d he said, adding that teachers, first responders and essential workers increasingly struggle to find homes near their jobs.<\/p>\n

In recent years, the Triangle\u2019s housing pressures have intensified as population growth outpaces construction of income\u2011restricted units. Wake County estimates it needs tens of thousands of additional affordable homes<\/a> to meet current demand, a gap that has widened as federal tax credit allocations stagnate and private developers focus on higher\u2011margin projects.<\/p>\n

In that environment, faith\u2011based organizations like White Oak \u2014 which can leverage donated land, volunteer labor and community trust \u2014 have become increasingly important players.<\/p>\n

Since its founding in 1999 as a ministry of White Oak Missionary Baptist Church, the foundation has focused on stabilizing families \u2014 preventing foreclosures, educating renters and homebuyers, providing scholarships and offering crisis assistance.<\/p>\n

In the Triangle, other faith-based housing efforts include Mt. Pleasant\u2019s 154\u2011unit affordable community<\/a> in Southwest Raleigh, Habitat for Humanity\u2019s Downtown Faith Coalition<\/a> builds, and several Durham churches now exploring land donations with partners like DHIC and CASA.<\/p>\n

Keep up with the latest Triangle real estate news by subscribing to On the Market, The News & Observer’s free weekly real estate newsletter. Look for it in your inbox every Thursday morning. Sign up here<\/a>.<\/p>\n

Read more At long last, Hurricanes\u2019 core group\u2019s effort is validated with a Stanley Cup<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Nonprofit opened 30 mixed-income townhomes on the Apex\u2011Cary border in Wake County, offering market and income-restricted units.<\/p>\n","protected":false},"author":1,"featured_media":2551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nTriangle nonprofit delivers mixed\u2011income neighborhood starting in the mid $400Ks - Durham Moving Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/durhammovinghub.com\/?p=2553\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Triangle nonprofit delivers mixed\u2011income neighborhood starting in the mid $400Ks - 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