Since 1998, the combined state and federal tax credits cut renovation costs by up to 40 percent. Recent projects include Durham's historic brick tobacco warehouses and the old industrial buildings along Raleigh's Glenwood Avenue, which developers converted to apartments, restaurants and shops. Now, you walk through old neighborhoods, and those are the houses that everybody wants, that everybody is renovating. State officials are considering four such communities on the outskirts of Wake County. As newcomers pour into the Triangle, the demand for older homes is exceeding the supply, said Gary Roth, president and executive director of Capital Area Preservation.
People come here for jobs.
They come here for the weather. No one is escaping the sound of fifes and drums on the village square. Many times, people come here from communities full of older homes. And when they come down here, they want to find that same type of community. People definitely want to connect to their communities.