Page 5 - Pauld Angelo News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Closed for most of 2021, Libby’s Italian Pastry Shop will celebrate its 100th...

In exchange, owners agree to set at least 20% of their rents at government affordability rates. Half of those affordable rentals would go to people making 80% of the area median income. Currently that is $42,000 for a single person or $54,100 for a family of three. The rents, without utilities, could be a maximum of $884 for a studio or efficiency apartment and $1,132 for a two-bedroom. Those amounts can change with adjustments in the area median income, but they cannot exceed the 80% affordability level for 20 years.   For the other half, landlords must make "good faith efforts" to rent...

Listen to the story here. Housing bonds have allowed several major North Carolina cities to start addressing the affordable housing crisis. Wilmington Mayor Bill Saffo recently told WHQR that residents could see one on the ballot in 2022. The idea also received 78% support in an affordable housing study conducted for Wilmington and New Hanover County and presented this week. WHQR took a look at how similar bonds, which have already passed in other cities, have been used. Asheville, Greensboro, and Raleigh have collectively passed over $100 million in housing bonds -- long-terms loans approved...