RALEIGH, N.C. – State Employees’ CU said its SECU Foundation financed an affordable housing development for new teachers on Hatteras Island, off the North Carolina coast.
Through a partnership with the Dare Education Foundation and the Dare County Board of Education, the teacher housing initiative located in Buxton, N.C., was solidified with an interest-free loan from the SECU Foundation.
A ribbon cutting ceremony for the 2-bedroom, 2-bath, 12-unit complex was held on July 19th.
This is the second SECU Foundation funded teacher housing project in Dare County, the first being Run Hill Ridge in Kill Devil Hills. Dare County, located on the Outer Banks of North Carolina, is a popular tourist location and the home of several national historic attractions. Living costs within the county are extremely high compared to many neighboring counties. The remote location of Hatteras Island and the extensive commute from the current Run Hill Ridge facility compelled the SECU Foundation Board to approve an additional project in the county.
