What's the Future for Low-Income Housing in Cary?
Posted October 29, 1997
CARY — Some Cary residents' rally cry of "not in my backyard" was heard loud and clear by one corporation trying to finance low income housing there. CP & Lwasgoing to help finance an apaartment complex near the Weatherstone subdivision, but after residents complained the plan was scrapped.
So will there ever be low-income housing in the area? There are plans in the works to bring more low-income housing to Cary. Town leaders say the fact that the proposed Cardiff Apartments will not be built does not mean there will be no such projects in the future.
Weatherstone residents cited the potential for increased crime, school overcrowding and a drop in their property values as reasons they didn't want the complex to go up. But Town Manager Bill Coleman says housing that is affordable to those with low incomes is needed in Cary. He says population growth requires it and it is needed to attract more business to the town.
Howard Johnson, President of the Cary Chamber of Commerce, says there will be future sites chosen that will be more acceptable.
The income regulation established for the Cardiff Park apartments stated that a single person had to make $21,000 or less a year in order to qualify for occupancy. The limit for a family of four was $31,000 or less. The apartments would have ranged in price from $565 per month for a two bedroom to $644 per month for a three bedroom apartment.
There are already some low-income developments in Cary. One is currently being built on Green Level Road which is being financed by CP & L.