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DURHAM
If you make around $38,000 or less, you could soon be able to live near a planned light rail stop in downtown Durham.
The Durham County commissioners agreed Tuesday night to put affordable and market-rate apartments on county land on the 300 and 500 blocks of East Main Street.
I see this as good news since affordable housing is sorely needed in Durham right now.
I see this as good news since affordable housing is sorely needed in Durham right now.
Yes it is...
I recall a previous thread where there were a lot of curious posts about the need for "affordable" housing in Durham ... glad the Council has some integrity.
Commissioner Ellen Reckhow said the location close to the planned Dillard Street light rail stop will also give future residents easy access to N.C. Central University, Duke University and UNC-Chapel Hill.
This is the kind of affordable housing development that we need.
since I don't have a N&O subscription, how many units total, are they all income-based, and what % of income are they going to charge? and how much City of Durham $$ going in vs "private money"?
since I don't have a N&O subscription, how many units total, are they all income-based, and what % of income are they going to charge? and how much City of Durham $$ going in vs "private money"?
From article:
Quote:
The county owns what are now two big surface parking lots on the 300 and 500 blocks. While both sites will include parking decks for county employees, the plan approved Tuesday also includes 437 apartments between them, with 277 to be designated affordable for those who make 80 percent or less of the area median income.
Eighty percent of area median income for Durham is $37,750 for one person, $43,150 for two people and $53,900 for a four-person household.
college students will jump on this and game the system
I'm sure there are provisions to prevent that. We have affordable housing projects in Chapel Hill and I don't think they are filled with college students.
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... glad the Council has some integrity.
