RALEIGH, N.C., Oct. 26, 2026 (GLOBE NEWSWIRE) — Harmony Housing Affordable Development Inc. (HHAD), Gilbane Development and F7 International Development recently joined public, community and financing partners to celebrate the groundbreaking of Chapanoke, a nearly $58 million, 200-unit residential community at 326 Chapanoke Road in Raleigh.
Together, the three developers comprise Raleigh Community Partners LLC. Chapanoke will include 66 one-bedroom, 86 two-bedroom and 48 three-bedroom apartment homes for households earning between 30% and 70% of Area Median Income (AMI). The community is adjacent to Wake Technical Community College’s Public Safety Education Campus and near the planned Southern Wake Bus Rapid Transit corridor, connecting future residents with education, workforce training, employment and transportation opportunities. Completion is anticipated in early 2028.
The groundbreaking signifies the start of construction on a project years in the making. Through the combined efforts of public and private partners, the development will deliver a lasting community asset that broadens housing options and strengthens access to education, employment, and transportation. Completion is anticipated in early 2028.
Chapanoke reflects years of collaboration among Raleigh Community Partners, Wake County, the City of Raleigh, and Wake Tech, which originally donated the land, to advance a shared vision for the site centered on housing, sustainable development, transit connectivity, and community-serving amenities.
“Chapanoke demonstrates what we can accomplish when public and private partners come together around a shared purpose,” said Tanya Eastwood, President and CEO of HHAD. “By creating quality homes connected to education, employment and future transit, we are investing not only in housing, but in greater access to opportunity for residents and the broader Wake County community.”
“Chapanoke means more than new housing — it represents hope, stability, and a real path forward for families who deserve opportunity close to home,” said Yarojin (Roj) Robinson, Senior Vice President of Affordable & Mixed–Income Housing, Gilbane Development. “When we invest in communities like this, we’re investing in people’s futures. I’m proud of what this partnership is bringing to Raleigh and the doors it will open for residents for generations to come.”
“As a Southeast Raleigh native, this one is personal. F7 has built in this community for nearly three decades, and Chapanoke puts quality homes within reach of the families who make Raleigh run. With the commercial component, local businesses get a real stake in this neighborhood’s growth. We’re building something that serves generations to come,” said Monte Montague, President of F7 International.
“Affordable housing is very much a group effort, and projects such as the Chapanoke Apartments would not be possible without the collaboration from Wake County and the developers, Raleigh Community Partners. Chapanoke Apartments will bring 200 affordable homes to our community, preserving affordability and community cohesiveness for some of our most vulnerable residents,” said Raleigh Mayor Janet Cowell. “Thank you to our partners for your commitment to our city.”
“We are excited to invest both land and financing to the Chapanoke development, which will create 200 units of affordable housing with space for Wake Tech students working to further their education,” said Commissioner Don Mial. “The project will be close to the southern BRT corridor, allowing folks at all income levels to benefit from the incredible growth our region is experiencing.”
Chapanoke is being advanced through a coordinated public-private financing structure that combines tax credit equity, private financing and local public investment. Greystone Real Estate Capital provides Low-Income Housing Tax Credit equity, while Greystone Housing Impact Investors LP and Citi Community Capital support construction and permanent financing. Wake County and the City of Raleigh are contributing subordinate public financing.
About Harmony Housing Affordable Development Inc.
Driven by a passion for creating and preserving affordable housing in our nation’s most vulnerable communities, Harmony Housing Affordable Development Inc. is a nationally recognized, mission-driven affordable housing developer specializing in innovative public-private partnerships, preservation, and community-focused development. To date, the team has developed nearly 19,000 apartment homes across 14 states with additional units at various stages of the development pipeline. The group’s mission is to create meaningful and significant impacts on communities by providing income-qualified households with decent, safe, and affordable housing. For more information, visit www.HHAD.org
About Gilbane
Gilbane is the trusted leader in end-to-end solutions for the built environment, with integrated expertise across real estate investment, development, full-service construction, and property and facilities management. Family-owned since 1870, Gilbane is one of the oldest and largest privately held real estate development and construction companies in the world. With more than 45 offices, and 4,000+ employees worldwide, Gilbane pairs global experience with deep community connections to empower clients to move from vision to long-term performance with confidence. Guided by values that put people first and prioritize innovation, Gilbane builds trust, strengthens communities, and is driven by a purpose to boldly shape the world. Learn more at gilbaneco.com.
About F7
F7 International Development, a Triangle-based, black-owned business, was founded in 2002 with the sole purpose of improving the community and surrounding areas by developing and creating infrastructure; building and constructing commercial properties; and general contracting new residential housing as well as rehabilitating existing homes all to improve and empower the communities F7 serves. James (Monte) Montague, President of F7 International Development and son of Southeast Raleigh, is an Urban Community Property Developer with over 22 years of expertise in low-income communities, and is focused on underdeveloped areas, affordable housing, and business office spaces.
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Fran Del Valle
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