Cary Town Council Tables Resolution to Sell Amberwood Apartments
The Cary Town Council voted 5-2 to table a resolution that would have allowed the Raleigh Housing Authority to purchase the Amberwood at Lochmere apartments. This effectively rejected the proposal to preserve 340 units of relatively affordable housing, as a…
Raleigh Durham, NC, July 24, 2026 —
Cary, NC – The Cary Town Council has voted to table a resolution that would have facilitated the sale of the Amberwood at Lochmere apartments to the Raleigh Housing Authority. The vote, which concluded with a 5-2 decision, effectively halts the proposal aimed at preserving 340 units of relatively affordable housing within the community.
The tabled resolution means the property will not be sold to the Raleigh Housing Authority under the terms previously considered. Without this intervention, the Amberwood at Lochmere apartments are likely to be sold to a private buyer. Concerns have been raised that a new private owner would subsequently increase rental rates to align with current market prices, potentially displacing current residents and reducing the availability of affordable housing options in Cary.
The proposal by the Raleigh Housing Authority aimed to acquire the property to maintain its affordability for existing and future tenants. The details of the proposed sale and the specific reasons for the council’s decision to table the resolution were not immediately available. The vote outcome indicates a division among council members regarding the best course of action for the property and its impact on the local housing market.
The Amberwood at Lochmere apartment complex offers a significant number of units that are considered relatively affordable compared to the broader market rates in the area. The potential sale to a private entity raises concerns about the future accessibility of these housing units.
Story summarized from the original created by Chloe Courtney Bohl on indyweek.com, see more information here.
