The City of Sanford and Brick Capital Community Development Corporation held a groundbreaking on Wednesday, Oct. 28, 2026, for W.T. Wilson Ridge, a new affordable housing subdivision in Sanford. The city’s recap says elected officials, city and county staff, state partners, and residents gathered on Boykin Avenue to mark the start of construction.
This is a local development update, not a sales listing and not a forecast of Sanford home prices. The city has announced what is planned and that construction is beginning. It has not published a completion date, a sales timeline, or home prices in the official posts reviewed for this article.
What the city says will be built
According to the City of Sanford, the first phase includes:
a 16-unit apartment complex for permanent supportive housing, and
12 single-family homes.
A later phase is planned to add 36 more single-family homes. The city says that, once complete, the subdivision will include 48 single-family homes, in addition to the 16-unit apartment building.
The homes are planned along Washington Avenue. The groundbreaking itself was held at 1410 Boykin Avenue.
The development is named for William T. “Bill” Wilson, who the city describes as a founding board member of Brick Capital CDC and a longtime advocate for affordable housing partnerships.
How the community land trust is supposed to work
The city says the single-family homes will use a community land trust model managed by Brick Capital CDC. Under that model, Brick Capital keeps ownership of the land, and a qualified buyer purchases the home. If the owner later sells, the city says the seller receives a portion of any increase in the home’s value, and the home is sold to another qualified buyer at an affordable price.
The official posts reviewed for this article do not list sale prices, income limits, or an application date. Those details would come from Brick Capital CDC and the city as the project moves forward, not from this summary.
Who is funding the work
The city’s Oct. 28 recap lists these public and partner contributions:
The City of Sanford and Lee County each allocated $850,000 in American Rescue Plan Act funds. The earlier city announcement said the city’s share is for infrastructure and that Lee County’s matching amount supports the project; the recap says both allocations support the supportive-housing and land-trust plan.
The N.C. Department of Commerce’s Rural Economic Development Division awarded $950,000 in Community Development Block Grant funds. The city’s earlier announcement said those funds are for public utilities, streets, curb and gutter, and flood and drainage improvements.
The North Carolina Housing Finance Agency provided $4,085,608 for the apartment complex.
Brick Capital was granted $450,000 from the Golden LEAF Foundation for infrastructure.
The city describes the combined support as “more than $7 million.” That is the city’s characterization.
The recap also says Brick Capital purchased several of the city’s redevelopment lots along Boykin and Washington avenues, which is how the city’s partnership in the project began.
Mayor Rebecca Wyhof Salmon said at the ceremony, “The turning of dirt today represents more than a construction site. It represents an investment in our people, in opportunity and in the future of our community.”
What this means if you are buying or selling nearby
A groundbreaking is the start of construction, not the arrival of finished homes. Official city posts do not say when the first homes or apartments will be ready, who will qualify, or how the new units will affect nearby resale prices. Those answers will depend on later construction progress, program rules, and the specific property.
If you are watching Sanford, Lee County, or nearby communities such as Moncure and New Hill, it is worth separating this project from the broader resale market. For the most recent local market figures, see the fall 2026 update for Sanford, Lee County and Chatham County. For a closer look at buying or selling in Sanford, visit the Sanford area page.
Nationally, Freddie Mac’s Primary Mortgage Market Survey reported a 30-year fixed average of 7.18% as of Nov. 5, 2026, down from 7.24% the week before. That is a national weekly average, not a Sanford or Triangle quote, and it is not a prediction of where rates go next. The next Freddie Mac release is scheduled for Nov. 12. The earlier November rates post is here: Mortgage Rates Above 7%: What Triangle Home Buyers Should Know in November 2026.
If you want help thinking through how a Sanford purchase, sale, or move from the southern Triangle might fit your situation, I am happy to walk through the local inventory and the facts we can verify.
Blair Whelan, REALTOR®
eXp Realty
(919) 527-5727
blair.whelan@exprealty.com
Meet Blair
Sources
City of Sanford, “Wilson Ridge Groundbreaking Marks Milestone for Affordable Housing,” https://www.sanfordnc.net/m/newsflash/Home/Detail/985
City of Sanford, “City, Partners to Break Ground on Wilson Ridge,” https://www.sanfordnc.net/m/newsflash/Home/Detail/980
Freddie Mac, Primary Mortgage Market Survey, as of Nov. 5, 2026, https://www.freddiemac.com/pmms
Freddie Mac news release, “Mortgage Rates Decline for Third Consecutive Week to 7.18%,” Nov. 5, 2026, https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-decline-third-consecutive-week-718/