Raleigh Millbank Apartments


Property Type: Project Based Section 8 Family Community

Under Renovation to be completed in 2018

Raleigh Millbank is a family community located close to Lion’s Park and the Boys & Girls Club in East Raleigh.

Property Features

Features a mix of two- and three-bedroom apartments in 43, two-story townhome-style buildings. Renovations encompass extensive exterior and interior work. Apartment homes will undergo renovations that will include new kitchens and bathrooms, as well as other upgrades.

Renovations

Raleigh Millbank will receive approximately $49,000 per unit in hard cost rehabilitation. The scope of renovation encompasses both extensive exterior and interior work.  Important building improvements include new roofs, windows, HVAC systems, plumbing and electrical upgrades as well extensive health, safety and security enhancements and energy efficiency improvements.  Interior renovations include new kitchens and bathrooms, new flooring and interior paint.  Project amenities include a renovated community building with a new laundry facility.

Financial Partners

North Carolina Housing Finance Agency, HUD, City of Raleigh, NDC and R4 Capital

Property Stats

Units: 230 in 43 buildings

Age: 1970; undergoing renovations to be completed in late 2018

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