November 10, 2025
State Commission Approves $45 Million For Clayton Housing Project
RALEIGH — The Town of Clayton received state approval for a $45 million affordable housing project, part of more than $370 million in financing endorsed Tuesday by the Local Government Commission (LGC) to expand affordable housing and retirement facilities across North Carolina.
The commission, chaired by State Treasurer Brad Briner, approved Clayton’s request to issue conduit revenue bonds to build and equip a 167-unit multifamily residential rental facility for lower-income senior households. The project will be constructed at the intersection of Pritchard Road and Swann Trail in Clayton, addressing growing housing demand in one of Johnston County’s fastest-developing areas.
Bond proceeds will be loaned to Clayton Leased Housing Associates I, a Minnesota-based limited liability partnership that will build and equip the new complex. The development will provide a mix of affordable units aimed at working families and individuals priced out of the region’s escalating housing market.
“This is a major investment in Clayton’s future and in affordable housing for our residents,” said officials following the approval. “We’ve seen firsthand how limited supply impacts families and our workforce, and this project will help meet a critical need.”
The LGC, staffed by the Department of State Treasurer, reviews and approves most borrowing by local governments and public authorities in North Carolina. The commission evaluates whether debt levels are reasonable and ensures that local governments can afford repayment.
Clayton’s financing was one of several large housing initiatives approved by the LGC. Other projects included: $101.9 million for retirement home expansions in Durham and Lumberton, $68 million for a Charlotte housing authority project, and $56 million for two Raleigh affordable housing developments.
The approvals come as housing affordability remains a growing concern across the state. A joint study by the N.C. League of Municipalities and N.C. Association of County Commissioners found that the crisis now affects nearly every community, from large cities to small towns.
In other business, Franklin County plans to undertake multiple projects now that the LGC authorized $38 million in limited obligation bonds to do the work. Projects include renovating and expanding the County Judicial Annex, building and equipping a new Emergency Medical Services Station, and upfitting the Facilities Management Warehouse and Sheriff’s Office facility. The county has said population growth has increased demand for judicial services.
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More handouts.
“Affordable housing” code for housing people who can’t afford where they’re living.
This means higher taxes for everyone to subsidize the people living in these “affordable housing“ Complexes. School needs police fire, electric water, sewer roads. All will be needed for these people that won’t be putting Into the system in taxes.
Crime in Riverwood wasn’t bad enough so they need to add this to up the stats.
Cue the classist and bigoted complaints
Are you going to be living next door to this complex? I will be. Maybe we need to put this place right next door to your house.
It has nothing to do with class and everything to do with community. Rentals and apartments have weakened the area and this will kill what is left of Riverwood. Where do you live Tim. I guarantee you and those that voted for this live nowhere near our community
Can’t handle the truth eh? The numbers do not lie pal.
The old “when you can’t argue, common sense and facts start calling names“ trick.
What neighborhood do you live in………or are you one of those “elitist”? I’m sure you won’t tell us because you are one of “those”.
I bet Freddie will be the biggest winner in this handout.
Oh boy… here we go. I move here to get away from hoodrats. People commenting that it’s hate have no clue and have no experience in living in other areas. Trust me when I tell you that there’s a direct correlation between crime, standard of living and feeling secure.
Am I the only one that read senior living facility?
I do agree that we don’t need to build facilities to house Raliegh’s overflow of poor, that should stay in Wake county
Ugh, there goes the home value…
How dare they to put this there? Roads can already not handle that much traffic, even more so the neighborhood especially during school drop off and pick up.
I’m all for affordable housing but why not elsewhere?!
Another new area to stay out of.
Thanks for noting Clayton. First you jam up all the roads, now you construct slums.
“Growing housing concerns”, are they serious? Have they not seen the flowers apartments or the ones on O’Neill street? Have they not seen the housing along hwy 70 business in Smithfield? These councilman, commissioners , planners are lunatics. There is plenty of housing in Clayton. Drive east on 42 where Buffaloe rd intersect and tell me there’s not enough housing. Not only that some may say, myself included, there is TOO MUCH development in Clayton. Have these brainiacs checked to see the attendance numbers at both Riverwood schools and Corinth Holders high school? How much more will they have to expand these schools to fit all of these students? Is this why they are putting a police station right next to the housing on Covered bridge and Loop road? Have they checked to see if the electrical grid can handle all these homes. What about the roads and water? This is going to result in higher taxes, crowded roads, crime fires, accidents etc. etc. etc. I swear, someone has got to be getting kickbacks to approve this mess. Jocoreport, you need to name the individuals who requested this.
Don’t go to food lion after dark!
“We’ve seen firsthand how limited supply impacts families and our workforce, and this project will help meet a critical need.”
Apparently, this fool has not driven around the town of Clayton and seen the massive amount of apartment complexes townhomes and condominiums being built. Go by the post office and look at all of those apartments. Go by the Percy flowers intersection and look at the massive housing projects and apartment complexes. Drive to Riverwood and see the number of homes, townhomes, and apartments that have been built and are currently being built to the point where they are actually going to build a new police station just to take care of those areas alone. If the “workforce“ Was actually working they wouldn’t need Government housing projects .
if it needs to be subsidized by the government… It’s not affordable.
Didn’t the town have a meeting when this was first brought up? If so, people had the choice to voice their concerns. Too late now.
Maybe they did. Do you actually think that citizen speaking up will make a difference in the decisions of the town leaders? If you do, I’ve got some oceanfront property in Arizona to sell you.
Several years ago, the town of Clayton moved the Town Council meeting to earlier in the evening. They said this would allow the council and the employees to be able to be home early to spend time with their families. Meetings are usually once a month, the real reason for the time change was to make it more difficult for citizens to express their opinions at town council meeting because most people don’t get home until after the meetings start. The Town Council and the towns employees are there to support the citizens on Clayton not the other way around. The Town would rather put out thousands of it’s citizens instead of a dozen council members and employees all because they don’t want citizens to openly express their opinions at council meetings. They should move meetings to later in the evening and/or on Saturdays, what are they afraid of? Having to do their jobs?HYPOCRITES!!!!!! NIMBY!!!!!!!
Ummmm, do you think they actually care what citizens have to say? They make up their mind before any meetings are held.
Anyone ask the citizens of Clayton if we wanted it ? 🤔 . You serve us, well s**t on us I should say. Name something the Clayton Citizens wanted and received– and no, we dont want the so called art either!
This aligns well with all of the healthcare companies in the area. It sounds very profitable for Clayton’s healthcare sector. Seems like a well played strategic move for them.