WILMINGTON, N.C. (WECT) - The non-profit Cape Fear Community Land Trust hosted a wall-raising of a home to help increase affordable housing on Tuesday, May .
The Affordable Housing Bond is officially off the table, and county officials have pressed pause on a quarter cent sales tax for public transit. WHQR’s Ben Schactman and Kelly Kenoyer have more from the joint Wilmington-New Hanover County meeting which was, at time, quite tense.
Cape Fear Community Land Trust bought this home in Castle Hayne for a low price and is now selling it as a permanent affordable housing option. (Port City Daily photo/Alexandria Sands)
CASTLE HAYNE –– Volunteers of the Cape Fear Community Land Trust got their hands dirty Wednesday tidying up the yard of a revitalized home in Castle Hayne that will forever be preserved as an affordable property through deliberate deed restrictions.
The land trust completely renovated the red brick house on Blossom Street, and aims to put it on the market by July. Originally bought for $60,000, it’s targeting roughly $250,000 for the flipped home, which qualifies for purchasing through a USDA loan.