On Middle Sound Loop Road, developers start senior living apartment project
Construction has begun on an affordable senior living apartment project at 205 Middle Sound Loop Roa
Source: wilmingtonbiz.com
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Project looks to bring affordable senior apartments to Ogden
The Residence at Canopy Pointe project wants to annex land into the city of Wilmington — something local leaders seem to support.
Source: starnewsonline.com
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. 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 map of more recent LIHTC projects. Some critics of the program argue that these can be concentrated in...
Source: whqr.org