On SE Maynard Road, there will be 126 new unit rentals, with 64 of them specifically for low and moderate-income households. It will also have environmentally sustainable features, such as solar and green stormwater infrastructure.
A new greenway and public road will be built too.
SEE ALSO | Wake County breaks ground on affordable housing units in Garner
Cary is expected to welcome new residents in 2026, according to a Monday press release.
From 11:30 a.m. to 12 p.m., the celebration will include words from United States Congresswoman Deborah Ross, Cary Mayor Harold Weinbrecht and Laurel Street Executive Director Lee Cochran.
This was made possible by the Cary Housing Plan adopted by the council in 2021, as well as federal and county funding.