WNC and Associates Join Resource Housing Group and East Carolina Community Development to Open Cliffmore Park Seventy Two Unit Affordable Housing for Adults Fifty Five and Older in Fayetteville
WNC & Associates joined Resource Housing Group, Inc. and East Carolina Community Development, Inc. to celebrate the grand opening of Cliffmore Park, a new 72-unit affordable housing community for adults ages 55 and older located at 5133 Identity Lane in Fayetteville, NC. Supported through the Low-Income Housing Tax Credit program, the community serves households earning 40 percent, 50 percent, and 60 percent of Area Median Income. This represents WNC’s second affordable housing investment in Fayetteville, with approximately $6.5 million in equity committed to the development.
“Cliffmore Park reflects the power of thoughtful partnerships to create housing that allows seniors to age with dignity, independence, and stability,” said Ryan Thayer, assistant vice president of originations at WNC. “We are grateful to Resource Housing Group, East Carolina Community Development, and our financing partners for helping bring this community to life. Together, we have created quality affordable housing with the amenities, services, and accessibility features that support healthy and connected lives.”
The new construction project is a three-story, elevator-served building with 36 one-bedroom and 36 two-bedroom units. Apartment features include ceiling fans, washer and dryer hookups, central air conditioning, a dishwasher, a self-cleaning oven, a range hood, and emergency call buttons. Private storage is available and the development was built to meet ENERGY STAR Multifamily New Construction Program certification standards.
Shared indoor amenities comprise on-site management offices, multiple lounges and seating areas on each floor, a multipurpose room with kitchenette, a computer center, an exercise room, and laundry facilities. Outdoor spaces include a covered porch, gazebo, patio with picnic tables, and additional seating areas. The site offers convenient access to transportation, shopping, healthcare, a senior center, and recreation, with a Fayetteville Area System of Transit bus stop adjacent to the property.
Ten percent of units are designated through North Carolina’s Key Rental Assistance Program to provide housing opportunities for individuals experiencing homelessness and people with disabilities. Financing partners on the project included a construction loan from ServisFirst Bank, a permanent loan from Centrant Community Capital, a Rental Production Program loan from the North Carolina Housing Finance Agency, and a loan from the City of Fayetteville.
Cliffmore Park illustrates the role of coordinated public, private, and nonprofit financing and development in expanding access to affordable, age-targeted housing. The project’s design and amenity set support operational goals around resident stability, energy efficiency, and community connectivity—key considerations for owners and operators pursuing affordable housing investments today.