Cary residents are expressing concerns over a potential takeover of the Amberwood at Lochmere apartment complex by the Raleigh Housing Authority. The authority’s plan, which requires approval from the Cary town council, aims to acquire and rehabilitate the 340-unit complex to prevent private companies from buying the property and hiking rent.
Community Impact
Residents who live near the complex, located on Eclipse Drive, only learned of the public hearing through an email from the Lochmere Homeowners Association. Many are skeptical about the potential impact on the community, particularly regarding property values. The Raleigh Housing Authority has stated that no changes will be made to the current property management or residents, but residents remain unsure.
Ashley Lommers-Johnson, Chief Executive Officer of the Raleigh Housing Authority, emphasized that the proposed acquisition is subject to the consent of the City of Cary’s Town Council. The authority’s goal is to stabilize the property and provide affordable housing options for low- and moderate-income households.
Original reporting: WRAL Raleigh — read the source article.
