Sandy Ridge Villas is a 66-unit newly constructed affordable family housing community located in Durham, North Carolina, developed using tax-exempt bonds and the 4% Low-Income Housing Tax Credit (LIHTC) program to expand the supply of high-quality workforce housing in the rapidly growing Durham–Chapel Hill region. The development provides modern, energy-efficient apartment homes designed for low- and moderate-income families, offering stable and predictable rents that allow residents to maintain financial stability while remaining close to employment centers, schools, healthcare providers, and transportation within the Durham metro area. By transforming underutilized land into professionally managed affordable housing, the property supports neighborhood stabilization, helps address the region’s housing affordability gap, and generates both construction and long-term economic activity in the local community. 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 that enabled the development to move forward and deliver long-term affordable housing benefits to residents and the broader Durham community.
Sandy Ridge Villas
