Raleigh Housing Authority Acquisition of Amberwood at Lockmere
Cary
Summary
A proposal allowing the Raleigh Housing Authority to acquire and preserve 340 units of naturally occurring affordable housing at Amberwood at Lochmere drew heavy public opposition over tax revenue losses, local control, and community impacts. The council ultimately voted 5-2 to table the resolution.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Jul 23, 2026.
Impact analysis
Potential annual municipal property tax exemption of approximately $237,000 for 30 years.
Current low- and moderate-income residents of Amberwood facing potential displacement from rising market rents.
Surrounding homeowners concerned about property values and municipal tax base impacts.
Mentions & discussions (4)
Cary Town Council Rejects Proposal to Keep Amberwood at Lochmere Affordable Housing
Cary Town Council Rejects Proposal to Keep Amberwood at Lochmere Affordable Housing INDY Week
Town Council - Regular Meeting — July 23, 2026
A proposal allowing the Raleigh Housing Authority to acquire and preserve 340 units of naturally occurring affordable housing at Amberwood at Lochmere drew heavy public opposition over tax revenue losses, local control, and community impacts. The council ultimately voted 5-2 to table the resolution.
Town Council - Work Session — July 21, 2026
The council debated a rushed timeline for considering a resolution that would allow the Raleigh Housing Authority to acquire and preserve affordable housing in Cary. Concerns were raised regarding intergovernmental alignment with Raleigh and short due diligence windows.
Town Council - Work Session — March 24, 2026
Council members discussed strategies to expand affordable housing investments, exploring options like dedicated tax funding, bond referendums, and partnerships with local faith communities.
Related development
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