East Haven Apartments is a 64-unit newly constructed affordable family housing community located at 1040 Dreaver Street in Rocky Mount, North Carolina, developed using the 9% Low-Income Housing Tax Credit (LIHTC) program to provide high-quality housing for low- and moderate-income households in Edgecombe County. The development replaces underutilized land with modern, energy-efficient apartment homes designed to support stable family living in a region with a demonstrated need for quality affordable housing. Residents benefit from safe, professionally managed housing with predictable rents, allowing families to remain financially stable while maintaining access to employment centers, schools, healthcare, and community services within the Rocky Mount area. Beyond the direct benefits to residents, the project contributes meaningful community impact by expanding the local affordable housing supply, supporting neighborhood stabilization, generating construction and permanent jobs, and encouraging long-term economic investment in the area. Valhalla Finance & Tax Advisory advised a bank client that provided both the LIHTC equity investment and the tax-exempt construction bond financing, helping structure the capital stack necessary to deliver the project and advance long-term affordable housing outcomes for the community.
East Haven Apartments
