2 results for “property rehabilitation” · minutes
The Raleigh City Council met on September 19, 2023, and adopted a resolution consenting to the Wake County Housing Authority's issuance of bonds to finance the rehabilitation of seven affordable housing developments, five of which are located within Raleigh: Avonlea, Jeffries Ridge, Madison Glen, Ripley Station, and Tryon Grove. These five Raleigh properties collectively provide 292 units of affordable housing for households earning no more than 60% of the area median income and had previously received gap financing from the City. The consent agenda and the housing authority resolution were both approved unanimously on 8-0 votes.
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