East College Park Project
Are you in the market for a new home? The East College Park neighborhood is an established community adjacent to Saint Augustine University with access to public transit, major employers, and the downtown corridor.
Single Family Lots
Current Area Infrastructure Updates
The City is facilitating the development of 98 single-family homes and 51 townhome units in East College Park. Price points will start at $160,000 for single-family and townhomes will start at $154,000. New home construction is expected to begin in the summer of 2017. Construction is underway on infrastructure improvements including water lines, sewer lines, storm drains, and new sidewalks. At least 60% of the new homes will be reserved for low- to moderate- income buyers.
There are several housing opportunities in College Park!
Interested in making this community home? The City of Raleigh has resources designed to help first time and other qualifying buyers become homeowners. The Community Development Division assists in the creation of affordable housing for low and moderate-income households. We provide resources for affordable housing and offer programs to assist future homeowners in East College Park.
Already own a home in the College Park NRSA? The City has programs available to help you make improvements to your current residence.
Are you in the market for an affordable home? You may qualify to purchase a subsidized affordable home in East College Park. Affordable housing income limits as defined by the federal government are 80% or below the median income of the Raleigh area.
Does your household income fall above these income limits? No problem- you can still purchase a home in East College Park! Townhomes start at just $154,000 and single-family homes start at $160,000.
Seven builders were selected for the East College Park development project:
- CB Pugh Enterprise
- Evergreen Construction
- Thayer Homes
- Habitat for Humanity
- Carolina Cottage Company
- St. Augustine University CDC
- RD Construction
The City of Raleigh Homebuyer Program may benefit you. This program is designed to assist first-time and other qualifying homebuyers with purchasing a home by offering up to $20,000 as a zero-interest loan and helps with down payment and/or closing costs or a gap in financing. The homebuyer must qualify with a first mortgage from a participating lender and take a HUD-approved first time homebuyer class.
Watch the video on subsidy layering below to learn how the City’s programs and other resources could assist you in purchasing a home.
Don’t feel ready to start the homebuying process? Homebuying courses are offered by local agencies to help you prepare. Sign up for one today!
Learn more information about the pathway to homeownership in East College Park.
Need more help navigating the process of buying a home in East College Park? We are here to help! Contact Community Development, 919-996-4330.
Video: Subsidy Layering
Residents of College Park
Are you currently living in the home you own in the College Park Neighborhood Revitalization Strategy Area? The City of Raleigh has money available for you to repair your home! With the new NRSA Homeowner Rehabilitation Program, you can get up to $90,000 for needed repairs. Looking to make minor improvements? The Citywide Repair Program can provide assistance to fix up your home.
To see if you qualify, contact Community Development, 919-996-4330.