Hardee Street Apartments marks a significant investment in Durham's future, bringing high-quality, affordable housing to families in one of North Carolina's fastest-growing and most vibrant markets. Located in northeast Durham, the newly constructed 132-unit community offers safe, modern apartment homes for households earning up to 30% and 60% of Area Median Household Income (AMHI), helping to meet the growing demand for affordable rental options in the Durham-Chapel Hill region.
The community was co-developed by DHIC, Inc. and Self-Help Ventures Fund, two well-established nonprofit organizations with deep roots in the Research Triangle. Together, they bring decades of experience in affordable housing development and a shared dedication to strengthening local communities. Hardee Street Apartments is professionally managed by Edgewood Management, a seasoned third-party property management firm with more than 600 employees across nine states and localities. With extensive expertise in affordable housing operations, Edgewood provides strong oversight in lease-up, compliance, and resident services to support the property's long-term success.
New Construction: 132 Units
Private Equity Investment: $16,334,548
During Construction:
Local Jobs Supported: 119
Projected Government Revenue: $2,243,470
Apartment homes range from 709 to 1,260 square feet and feature modern finishes and amenities, including Energy Star-rated appliances, washer/dryer connections, walk-in closets, central air conditioning, and private patios or balconies. Residents also benefit from thoughtfully designed community amenities, such as a playground, partially funded by a CAHEC Partner Grant, along with a grilling area, walking path, community room with kitchen, computer center, and common-area WiFi. These features are intended to promote connection, stability, and overall well-being. As Durham's population and renter base continue to grow, Hardee Street Apartments will provide stable, high-quality housing in a market where affordable options are limited and highly sought after.
By offering affordable homes for working families, Hardee Street Apartments enhances housing stability, supports local economic vitality, and contributes to Durham's continued inclusive growth. The development helps ensure that as the region evolves and expands, families of varying income levels have the opportunity to remain part of the community and thrive for years to come.
7700 Falls of Neuse Road, Suite 200
Raleigh, NC 27615
919-420-0063
This institution is an equal opportunity provider.
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