Wake Commissioners Approve Low-Income Housing
Posted September 16, 1997
RALEIGH — Despite a flood of protest from residents of an up-scale Cary neighborhood, Wake County commissioners voted Monday night to approve financing for an apartment complex including low- and moderate-income units.
Residents of the nearby Weatherstone and Preston Park subdivisions pleaded with commissioners to delay the decision, saying they were worried about the impact on their property values. Resident Polly Brault told WRAL-TV5 that she is concerned about what will happen.
In the proposed development of the Cardiff Park Apartments complex, about 42 percent of the units will be set aside for people who cannot afford to pay market rates. The commissioners told residents that their complaints would be better heard by the Cary Town Council.
The Wake County Housing Authority may now issue revenue bonds of up to $15 million for use in the development of Cardiff Park.
About 80 Cary residents attended the meeting. Commissioners voted 5-1 in favor of approval of the proposal. Leo Tew was opposed and commissioners' Chairman Stewart Adcock was absent.
Development includes plans for a pool, an exercise room, walking trails and two playgrounds. The proposed site is a 30 acre tract of land off Maynard Road.
Residents told commissioners that Cary officials were sneaking behind their backs to get the development on track. One reportedly charged that the proposal was being rushed so CP&L could qualify for federal tax credits.
Residents said they were not happy with the outcome of Monday's meeting.