Durham City Council OKs finance plan for 160 affordable apartments on Page Road
AI-generated summary reviewed by our newsroom.
- City Council approves tax-exempt bond plan to finance 160 affordable units
- Developer Lincoln Avenue Communities to build 100% affordable one-to-four bedroom units
- Financing totals about $57M with 30-year income restrictions at ≤60% AMI
People who need affordable housing in Durham are getting a boost after the City Council unanimously approved bond financing for a 160-unit apartment complex.
Page Road Apartments, located on a wooded corner near the Durham-Morrisville line, will serve households earning 60% or less of the area median income. In Durham, that’s about $41,480 for a household of one and $54,600 for a household of three.
The planned units will range from one- to four-bedroom apartments. According to the housing authority, one-bedroom units will rent for $1,132 a month, while two-bedroom, two-bathroom units will rent for $1,359, CBS17 reported.
The move is a big step for the Durham Housing Authority, which will own the apartments, in working to address the need for affordable housing in the Bull City.
According to the N.C. Housing Coalition, 47% of renters in Durham County have difficulty affording their homes, spending 30% or more of their income on rent and utilities. That figure represents about 27,700 households, the coalition says.
The Page Road Apartments are being constructed by affordable housing developer Lincoln Avenue Communities, based in California.
The project scope
The total cost of the project is estimated at about $57 million, including $32 million from multifamily housing revenue bonds the Durham Housing Authority needed City Council permission to issue. Multifamily housing revenue bonds are not a debt of the city or state.
“We have many tools in the toolbox. It’s one of the many ways that we are ensuring that more affordable housing is getting built in Durham to meet the needs we have,” said Councilman Carl Rist.
Lincoln Avenue Communities didn’t respond to a request for comment by email and phone from The News & Observer.
The property is off Aviation Parkway and minutes from the Raleigh-Durham International Airport. Several other housing communities in the Brier Creek neighborhood as well as a nearby shopping center surround the area.
Anthony Snell, the interim CEO of the Durham Housing Authority, said in an email statement that there is a growing need for affordable housing in Durham.
“DHA is grateful to provide and partner on all bases to meet the need of our community,” the statement read.
The project is expected to close financing before the end of the year, with construction expected to be completed within 24 months.
This story was originally published October 24, 2025 at 5:47 PM with the headline "Durham City Council OKs finance plan for 160 affordable apartments on Page Road."