Called Duncan Terrace, the development would include a community center and seven apartment buildings containing 15 one-bedroom, 48 two-bedroom and 21 three-bedroom units. The Planning Board on Monday unanimously endorsed the developer s request for a rezoning from low-density residential to planned residential development on the nine-acre site.
The project would be built by Mills Construction Co. and the Wesrtern North Carolina Housing Partnership. Mills Construction built a similar project in Arden and currently has three projects under way across the state. If the developer receives approval for tax credit financing, units would be rented to lower- to middle-income tenants a level currently at $57,000 a year or less for a family of four.