Affordable Housing Loan Subordination for Aubrey Hills Apartments
Fayetteville
Summary
The city agreed to adjust loan terms for the Aubrey Hills Apartments project to help the developer secure additional financing and complete the 32-unit affordable housing development amidst rising construction costs.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jan 12, 2026.
Impact analysis
The city's $2.14 million investment is secured in a junior lien position behind a $350,000 construction loan in a total project exceeding $10 million.
Low-income residents and workforce families seeking affordable housing units in Fayetteville.
Mentions & discussions (2)
City of Fayetteville’s Homebuying HERO Program opens more doors to homeownership with revised guidelines
City of Fayetteville’s Homebuying HERO Program opens more doors to homeownership with revised guidelines Greater Fayetteville Business Journal
City Council (Regular) — January 12, 2026
The city agreed to adjust loan terms for the Aubrey Hills Apartments project to help the developer secure additional financing and complete the 32-unit affordable housing development amidst rising construction costs.
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