**MEDIA ADVISORY**
RALEIGH—On August 31, Congressman Wiley Nickel will participate in a ceremonial frame raising at Aspen Spring Senior Apartments in Raleigh with local and state officials. Aspen Spring will help address the shortage of affordable apartments in Wake County, where more than 49% of renters are cost-burdened, paying more than 30% of their income on rent.
WHAT: Frame Raising Ceremony at Aspen Spring
WHO: Congressman Wiley Nickel, Wake County officials, City of Raleigh officials, NCHFA officials
WHEN: Thursday, August 31 at 10:00 a.m.
WHERE: Aspen Spring, 5706 Rock Quarry Road, Raleigh, NC
Developed by Evergreen Construction of Raleigh, Aspen Spring was awarded funding by the NC Housing Finance Agency in 2020 to provide 84 apartment homes that are affordable for seniors on a fixed income. Aspen Spring has received financing from the City of Raleigh and Wake County as well.
“Congressman Nickel is a co-sponsor of the Affordable Housing Credit Improvement Act,” said Scott Farmer, executive director of the NC Housing Finance Agency. “This vital piece of legislation would create nearly two million additional affordable homes nationally, and we are grateful for Congressman Nickel’s support.”
The North Carolina Housing Finance Agency is a self-supporting public agency whose mission is to provide safe, affordable housing opportunities to enhance the quality of life of North Carolinians. Since its creation by the General Assembly, the Agency has financed more than 298,860 affordable homes and apartments, totaling $29.16 billion. To learn more about the Agency and its programs, visit www.HousingBuildsNC.com.
