CASA is excited to be the affordable housing partner in Collins Ridge, a master-planned community to be developed in Hillsborough by Caruso Homes. Collins Ridge was recently approved by the Hillsborough Board of Commissioners and will include a mix of single family homes, townhomes and apartments as well as walking trails, parks, and a community club house. The community will include several bus stops, making it accessible by public transit – an important component for many of CASA’s renters.
Key to the partnership is Caruso Homes’ donation of at least 3 acres of the site to CASA for the development of high-quality, affordable rental housing that serves low-income households. CASA will eventually develop 88 rental units on the site and will own and manage the units with its compassionate property management model. “CASA is extremely pleased to have this opportunity provided by Caruso Homes and the Town of Hillsborough to grow the number of affordable rental units available to individuals and families who desperately need them. The cost of land in Orange County is higher than in many Triangle communities, so having land that is ready to develop given to CASA at no cost allows us to build even more high-quality permanent homes,” says CASA’s COO Mary Jean Seyda.
CASA’s involvement in Collins Ridge represents an exciting expansion of its mission to increase the number of affordable housing units across the Triangle. CASA will launch a campaign to fund the development’s construction, seeking contributions from municipal and state government sources as well as private and corporate donors. “We are proud to be part of this effort with CASA to provide additional low income and affordable housing to Hillsborough, especially the units dedicated to Veterans”, said Jeff Caruso of Caruso Homes. “A beautiful home in a safe community is the perfect environment to guarantee a healthy upbringing for local families in need of some assistance.”
The site is situated between Highway 70 to the north, the North Carolina Railroad to the east and north, I-85 to the south and South Churton Street to the west. The community is scheduled to be complete by 2022.
