CASA Buys Two Durham Apartment Complexes, Adding 79 Units of Affordable Housing to Its Portfolio

CASA Buys Two Durham Apartment Complexes, Adding 79 Units of Affordable Housing to Its Portfolio

Nonprofit housing provider CASA has added seventy-nine apartments to its portfolio of affordable units in Durham, Wake, and Orange counties. (In case you haven’t heard, Durham is in need of affordable housing).

CASA announced Tuesday that it had purchased the forty-four-unit Underwood Apartments on Underwood Avenue in Durham and the thirty-five-unit Maplewood Apartments on West Chapel Hill Road in Durham, bringing its total stock to 490. The complexes were built by the same developer.

“This acquisition allows us to preserve the Underwood and Maplewood apartments as affordable rental housing in Durham and gives the current tenants assurance that their rent will remain affordable.…

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