Aug 21

Habitat for Humanity of Wake County Receives Largest-Ever Single Donation from APG and Cambridge Senior Living

Habitat Wake County APG donation

Habitat for Humanity of Wake County has received its largest gift  to date through APG Real Estate, also known as Anthony Property Group, owned by Jim Anthony,  the Raleigh-based real estate entrepreneur. The $500,000 gift was pledged by Jim Anthony and  Kendall Oliver as partners in a land sale they made to Habitat in the Town of Garner. The 74-acre site  is one of three parcels that will eventually become part of a Habitat Wake community in Garner. 

The land sale and historic gift together provide a significant boost to Habitat Wake’s strategy and  vision over the next several years: the land sale bolsters Habitat Wake’s land bank by 170 buildable  lots and will allow Habitat Wake to consider large-scale community building efforts that would have  previously been limited by lot availability.  

“This land sale and gift will enable us to take on projects at a scale we never could have imagined  before,” said Bill Ahern, Habitat Wake President & CEO. “With this parcel and the surrounding land  we have purchased, it is our goal to make homeownership affordable for hundreds more families, right when they need it most.” 

He continued, “I am so excited that my friend Jim Anthony was able to complete this visionary gift.  This is the kind of impact investing and giving that he and we hope to inspire among other real estate  investors everywhere.” 

“Business is most fun when your God-given gifts and stewardship of His assets come together with  and for service to the community. With an organization that is as well respected and impactful as is  Habitat for Humanity, the fun gets doubled,” said Jim Anthony. “Frankly, I’m anxious to share our  model of giving with other real estate investors and developers all over the country, to exponentially  benefit communities with the expansion of great stewardship through affordable housing  development.” 

The gift comes as the need for affordable housing in the Triangle is at an all-time high, especially as  families weather the ongoing economic effects of COVID-19. Even before the pandemic, one in four  local families was cost-burdened, meaning they paid too much of their income toward housing at the  expense of other necessities such as groceries, healthcare and education.