Quick Hits: Willard Street Affordable Apartments
Quick hits are posts about development news as I hear about them! If you have feedback on the format, please share in the comments below!
Willard Street Apartments
Neighborhood:
Downtown/Morehead Hill/West End
Size:
80 units of affordable housingEstimated Cost:
$17 million ($9 million in tax credits already secured, $3.6 million from the city, $2.5 million form Duke/Capital Broadcasting)Expected Completion Date:
Late 2020
Details:
61 units for individuals/families earning 60% or less of the median income. The remaining units for individuals/families earning 30% or less of the median income.Developer:
City of DurhamWhile I typically like mixed-income developments, this project is a win for affordable housing. The fact that it will be mixed-use, with new retail and office space nearby will hopefully mean that the residents will have access and are connected to the vibrancy of Durham.With the new tax credit funding and funding from Durham, Duke, and Capital Broadcasting, the project only needs to …
Willard Street Apartments
Neighborhood:
Downtown/Morehead Hill/West End
Size:
80 units of affordable housingEstimated Cost:
$17 million ($9 million in tax credits already secured, $3.6 million from the city, $2.5 million form Duke/Capital Broadcasting)Expected Completion Date:
Late 2020
Details:
61 units for individuals/families earning 60% or less of the median income. The remaining units for individuals/families earning 30% or less of the median income.Developer:
City of DurhamWhile I typically like mixed-income developments, this project is a win for affordable housing. The fact that it will be mixed-use, with new retail and office space nearby will hopefully mean that the residents will have access and are connected to the vibrancy of Durham.With the new tax credit funding and funding from Durham, Duke, and Capital Broadcasting, the project only needs to …
