Page 30 - Project Grace News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Project Grace will be divided into three parcels. In yellow is the Civic and Arts zone, where the museum and library will operate. The parking deck is in blue, and the purple-clad section will be dedicated to multifamily residences. Commissioners unanimously approved the Project Grace agreement. (Port City Daily/ Courtesy New Hanover County) NEW HANOVER COUNTY — The New Hanover County Board of Commissioners approved a plan to recreate a block of county-owned land in downtown Wilmington, capping years of back-and-forth between government stakeholders and a private development firm.  The agr...

While staff will recommend that the Cape Fear Museum be kept as off-site storage and research space — if a new structure is built as a component of Project Grace — it’s still unclear what will become of the museum and the nearby parking lots, all owned by New Hanover County (Port City Daily/File) NEW HANOVER COUNTY — County commissioners plan to cast votes on Monday morning that will sway the look of downtown Wilmington for years to come.  Initially brought to the table in 2018, Project Grace is a proposed public-private partnership between the county and a private firm, Zimmer Deve...

Amid public comments both in support of and against Project Grace, the New Hanover County Board of Commissioners approved moving forward with the project – with some amendments.  Zimmer Development Inc. presented a Memorandum of Understanding to the commissioners at their regular meeting Monday morning that detailed the foundation of Project Grace's plans and the timeline for making it happen.  Adam Tucker, with Zimmer Development, explained the company doesn't yet know how all the boxes will fit but signing the memorandum will allow it to move forward with gathering more information to c...

WHQR’s Ken Campbell and Ben Schachtman preview the week ahead. This week, the Wilmington City Council, New Hanover County Board of Education, and the New Hanover Board of Commissioners will hold regular meetings. On the agendas: the Memorandum of Understanding (MOU) for Project Grace, the county's redevelopment plan for the downtown library block, a school district's long-planned Title IX survey for students, renaming school facilities, the latest on the school's plans to return students to full-time, in-class instruction, and more. Below: Details on the upcoming meetings and WHQR’s Ken C...