Heritage Park in Raleigh has started its first phase of redevelopment, which is set to eventually house about 1,000 residents. The initial phase will focus on building a 51-unit senior housing development using 9% Low-Income Housing Tax Credits. In 2025, the City of Raleigh pledged $1 million in gap financing to help fund this project.
At an event marking the beginning of the redevelopment, city officials joined representatives from the Raleigh Housing Authority, community partners, and residents to recognize the joint effort behind the project.
“Affordability and affordable housing are absolutely key priorities,” Mayor Janet Cowell said at the event. “This site is an incredible site. The opportunity, the amenities, this large acreage, to be able to have mixed income, that is a best practice.”
City Manager Marchell Adams-David spoke about how partnerships were essential for making Heritage Park possible. “Today is an amazing opportunity to highlight and daylight partnerships. None of this happens without each of us in this space.”
Adams-David emphasized that this redevelopment reflects years of collaboration and discussion aimed at a shared goal. She described Heritage Park as evidence of ongoing commitment and a careful approach that benefits the community.
“This is just another opportunity to continue to elevate, enhance, and advance housing as a key policy priority, not just for this city, but for this county and for this region,” Adams-David said.
The City of Raleigh’s efforts at Heritage Park align with its broader focus on delivering public services and shaping policy through its city manager’s office (https://raleighnc.gov/city-managers-office). The city operates under an elected council supported by a city manager who oversees day-to-day operations (https://raleighnc.gov/city-council). Raleigh serves multiple districts within North Carolina (https://raleighnc.gov/city-council) and continues to impact local policy through ordinances such as changes made in 2024 to election terms (https://raleighnc.gov/city-council).
Through investments like those at Heritage Park, Raleigh continues its approach toward addressing affordable housing challenges across the region.
