WILMINGTON, N.C. (WECT) - Estrella Landing, an affordable housing development in Wilmington, has received support from Live Oak Bank in the form of an $8.4 million low-income housing tax credit, according to an announcement from the bank.

“Live Oak’s investment provides funding for the 84-unit family property at 4611 Gordon Road, which opened this summer. Terroir Development, LLC, is developing the project and the property includes three residential buildings with one- to three-bedroom apartment units restricted to 30% and 60% of Area Median Income (AMI). Norco Management Holding, Inc., is the property management firm overseeing leasing and operations,” the announcement states.

Per Norco Management, the first tenant moved into Estrella Landing in May, and the property is currently at 100% occupancy. Those who would like to sign up for the waiting list can do so by:

• Contacting the site manager at 910-833-5403 or estrellalanding@norcomanagement.com
• Contacting the Norco Central Office at 910-791-3354
• Visiting the Estrella Landing Clubhouse at 4611 Gordon Road