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A new affordable housing incentive program, nicknamed PATH, which would have exempted smaller projects from reviews if 25% of the units were affordable for 15 years. Staff were concerned this was ...
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About 10% of the market-rate housing units could be priced for residents earning up to 80% of the area median income, or up to $59,360 a year for an individual or $84,720 for a four-person family
The act also effectively capped the number of public housing units by creating the Faircloth Limit as an amendment to the Housing Act of 1937, which limited funding for the construction or operation of all units to the total number of units as of October 1, 1999 and repealed a rule that required one for one replacement of demolished housing units.
An aerial photo of a 48-unit apartment building and 2.28 acres of nearby land that have recently been sold to Durham Community Land Trustees for affordable housing.
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In Durham, that’s about $48,400 for an individual or $69,100 for a family of four, according to the federal government. 55+ rental community The larger project, at 3802 Page Road, will be ...
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