Dominium Hoping to Turn Raleigh Golf Holes into Affordable Housing
Dominium is hoping to take over some of a golf course property owned by the Raleigh Golf Association golf course to build apartments on nearly 44 acres. The proposed zoning is residential mixed-use up to four stories. The request contemplates only building on a few of the holes at the 27-hole layout.
The properties identified in the application are on the north side of the road. The RGA clubhouse and most of the 27-holes at the course on the south side of Tryon Road are not included in the rezoning.
The company is in the design process and plans to build between 350 and 500 townhomes and apartments. The units will most likely be offered to those making 60 percent or less of the area median income. The project would take three to four years to complete.
Dominium anticipates receiving noncompetitive housing tax credits from the North Carolina Housing Finance Agency.
The post Dominium Hoping to Turn Raleigh Golf Holes into Affordable Housing appeared first on Connect CRE.
Dominium is hoping to take over some of a golf course property owned by the Raleigh Golf Association golf course to build apartments on nearly 44 acres. The proposed zoning is residential mixed-use up to four stories. The request contemplates only building on a few of the holes at the 27-hole layout. The properties identified …
The post Dominium Hoping to Turn Raleigh Golf Holes into Affordable Housing appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
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