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Gordon Road apartments to house working, low-income residents

A new affordable housing project is looking to build alongĀ Gordon Road.Ā  Plans for Estrella Landing, an 84-unit affordable housing development, are moving forward after the New Hanover County Board of Commissioners unanimously approved rezoning the site. The April 5 action by the boardĀ changed the zoning of the roughly five-acre wooded lot from an R-15 residential district to a residential multi-family moderate density designation. The proposed development, located at 4615 Gordon Road, would...
North Carolina United States Smith Creek New Hanover County Rountree Losee Steve Cogins

This year, NHC could gain 150 affordable rental units through the Low-Income Housing Tax Credit

Listen to the story here. In the Cape Fear Region, there aren’t many ways to get affordable units on the ground. But there is one federal program, the Low-Income Housing Tax Credit (LIHTC), that has.Ā Ā Ā Ā Ā Ā Ā Ā Ā  What’s LIHTC & How Does It Work? The Reagan-era initiative, run by the Internal Revenue Service, has been around since 1987. Since then, Wilmington developers have used the tax credits for about 43 rental projects, putting into service over 1,900 affordable units. Here is a ma...
North Carolina United States Cape Fear New Hanover County Ben Schachtman Katrina Redmon
Source: whqr.org

Wilmington apartment project on Gordon Road for families, seniors

Three apartment buildingsĀ geared toward working families and seniors will be considered by the New Hanover County Planning Board.Ā  If approved by the planning board on March 4 and the countyĀ commissioners at a later date, a rezoning request for Estrella Landing, located at 4615 Gordon Road, would consist of 84 apartmentĀ units within three 3-story buildings, a club house, resident community space, a playground and a covered picnic area with grills. According to a rezoning application byĀ Ste...
North Carolina United States New Hanover County Stephanie Norris Carolina Housing Finance Agency Terroir Development

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