New Affordable Rental Community Constructed

for Families in NC

The Need for Affordable Housing

The number of individuals that cannot afford a comfortable and safe place to call home has reached a record high. The National Low Income Housing Coalition reports that there is currently a shortage of more than seven million affordable homes for the nation’s more than 10.8 million extremely low-income households. The burden of this shortage is far-reaching and has a lasting economic and social impact on individuals and communities. The development of affordable housing benefits the economy and helps communities thrive. Research shows that affordable housing encourages social connection, reduces overcrowding, attracts businesses with job opportunities, and lowers crime rates.

Project Overview

Britton Village

By The Numbers

Situated in Salisbury, North Carolina, Britton Village represents a step forward in creating quality, affordable housing for families. This thoughtfully designed development by Scantland, Inc. provides 80 Low Income Housing Tax Credit (LIHTC) units tailored to meet the needs of family households earning up to 60% of the Area Median Household Income (AMHI). With a mix of one-, two-, and three-bedroom units, Britton Village aims to foster stability, opportunity, and a sense of community for its residents while addressing Salisbury’s growing need for affordable housing.

The units at Britton Village, range from 705 to 1,140 square feet and include modern features like dishwashers, electric ranges, central air, and ceiling fans. Accessibility is prioritized, with emergency pull chains in ADA-compliant units. The development’s commitment to sustainability is evident in its compliance with Energy Star 2.0 standards, reducing utility costs for residents, and minimizing its environmental footprint.

Project Impact

Families moving into Britton Village gain more than shelter; they secure a sense of stability that allows them to improve their overall well-being. On-site amenities foster a sense of community and promote wellness. The development includes a community building, fitness room, playground, and covered picnic area to encourage active lifestyles and social connections. Additional features like a computer room, central laundry facilities, and an on-site management office enhance daily convenience, making Britton Village a self-sufficient and resident-focused community.

Britton Village demonstrates what affordable housing can achieve. By addressing a critical housing gap in Salisbury, this development will not only provide safe and comfortable homes but also empower families to thrive. As a model for sustainable and inclusive growth, Britton Village represents a brighter future for Salisbury and the broader community.

What is LIHTC?

Created by Congress as part of the Tax Reform Act of 1986, the Low Income Housing Tax Credit (LIHTC) generates private capital investment used to finance the construction and rehabilitation of affordable rental housing for households earning on average 60 percent or less of the area median income. According to the Joint Center for Housing Studies at Harvard University, the housing tax credit is "widely regarded as the most successful housing production and preservation program in the nation's history." Since being enacted, the LIHTC program has helped develop more than 3.5 million affordable housing units.

In addition to providing safe, decent, and affordable housing for working-class families and seniors on limited incomes, the economic impact of the LIHTC program is visible in communities throughout the country. The development of affordable housing increases spending and employment in the local economy. Moreover, affordable housing can affect an employer's ability to attract and retain employees. LIHTC investment plays a significant role in community revitalization, which in turn can improve economic opportunities for local residents.

Who is CAHEC?

CAHEC is a community investment organization that strengthens communities by providing affordable housing and supportive service initiatives to residents in the Southeast and Mid-Atlantic regions. CAHEC engages in diverse product areas, including low-income housing tax credits, historic tax credits, new markets tax credits, and renewable energy credits. Additionally, CAHEC offers loan programs, wellness and education initiatives for residents, affordable housing development, and property management services.

This institution is an equal opportunity provider