Housing & Development
Durham’s Rolling Hills/Southside Plans Continue Without Recovery Act Funding
January 15, 2010 Posted by North Carolina RealEstateRama
DURHAM, N.C. - January 15, 2010 - (RealEstateRama) — On Thursday, January 14, 2010, the U.S. Department of Housing and Urban Development awarded nearly $2 billion in funding under the Neighborhood Stabilization Program (NSP2) to states, local governments and non-profit housing developers.
City and Greensboro Housing Coalition to Hold Housing Summit 2010 -February 23, 20010
January 15, 2010 Posted by North Carolina RealEstateRama
GREENSBORO, NC - January 15, 2010 - (RealEstateRama) — Residents are invited to share their hopes for Greensboro’s housing future at Housing Summit 2010, held Tuesday, February 23, from 8:30 am to 1:30 pm at the Greensboro Coliseum Special Events Center, 1921 W. Lee St.
EastGroup Properties Acquires Two Buildings in Charlotte for $5.3 Million
January 14, 2010 Posted by North Carolina RealEstateRama
Jackson, MS - January 14, 2010 - (RealEstateRama) — EastGroup Properties (NYSE-EGP) today announced the acquisition of two business distribution buildings containing 193,000 square feet in Charlotte, North Carolina for a combined purchase price of $5,250,000. The buildings, which will be renamed Commerce Park 2 and 3, are located in Charlotte’s southwest submarket. They were constructed in 1981 and 1987 and are presently 87% occupied by nine customers. The buildings are projected to generate an annualized 11.7% yield at their current occupancy and rents.
AG stops scheme to sell overpriced manufactured housing
November 19, 2009 Posted by North Carolina RealEstateRama
Raleigh, NC - November 19, 2009 - (RealEstateRama) — An elaborate scheme deceived consumers into buying overpriced manufactured homes and agreeing to loans they couldn’t afford, Attorney General Roy Cooper says in a lawsuit filed this week.
American Recovery & Reinvestment Act (ARRA) Funds Aid in Construction of Affordable Apartments in Wilson
November 17, 2009 Posted by North Carolina RealEstateRama
RALEIGH, NC - November 16, 2009 - (RealEstateRama) — Governor’s Office of Economic Recovery & Investment (OERI) Director Dempsey Benton, Wilson Mayor Bruce Rose and Bob Kucab, Executive Director of the North Carolina Housing Finance Agency will participate in a groundbreaking ceremony for affordable apartments at the Springbrook Apartments construction site in Wilson on Tuesday, Nov. 17 at 11:00 a.m. The site is located on Cresent Drive, off Forest Hills Road.
Housing North Carolina Awards Recognize Five Excellent Developments
November 6, 2009 Posted by North Carolina RealEstateRama
Raleigh, NC - November 4, 2009 - (RealEstateRama) — Five affordable housing developments received Housing North Carolina Awards on Nov. 3 during the N.C. Affordable Housing Conference at the Raleigh Convention Center.
Five N.C. Towns Share $1.23 Million in Housing Funds
November 4, 2009 Posted by North Carolina RealEstateRama
RALEIGH, NC - November 4, 2009 - (RealEstateRama) — Commerce Secretary Keith Crisco today announced that five North Carolina communities will receive $1.23 million in Small Cities Community Development Block Grant Tax Credit Housing Development funds to provide housing and related needs for low- and moderate-income residents.
North Carolina Awarded $1.7 Million In Housing Counseling Grants
October 19, 2009 Posted by North Carolina RealEstateRama
GREENSBORO, NC - October 14, 2009 - (RealEstateRama) — North Carolina families facing foreclosure, seeking affordable rental housing, or hoping to buy their first home will have a greater opportunity to find housing, or keep the homes they have, because of $1,781,863 million in housing counseling grants announced today by the U.S. Department of Housing and Urban Development
$95 Million Awarded to North Carolina to Build Affordable Apartments
August 28, 2009 Posted by North Carolina RealEstateRama
Raleigh, NC - August 27, 2009 - (RealEstateRama) — The U.S. Treasury has awarded $95 million to North Carolina to jump-start stalled development of 36 affordable apartment projects in 26 counties. The North Carolina Housing Finance Agency, which manages the federal housing tax credit program, will provide the funds to 36 rental developments that were awarded tax credits in 2007 and 2008 and applied for the assistance.
North Carolina Affordable Housing Conference — Raleigh, NC — November 3 and 4, 2009
August 3, 2009 Posted by North Carolina RealEstateRama
Raleigh, NC - August 3, 2009 - (RealEstateRama) — The North Carolina Housing Coalition, the Community Investment Corporation of the Carolinas, and the North Carolina Housing Finance Agency will offer the state’s most comprehensive housing conference this year — all focusing on the exemplary work of affordable housing and how that housing works for North Carolina’s families, communities, and economy. The conference will be November 3 and 4, 2009, at the Raleigh Convention Center in Raleigh, NC.
Turner Awarded $120 Million Contract to Manage Construction of Harrah’s Cherokee Hotel Tower III in Cherokee, N.C.
July 27, 2009 Posted by Turner
This 500,000 sq. ft., 532-room addition will make Harrah’s Cherokee Hotel the largest hotel in the State of North Carolina. New York, N.Y. - July 27, 2009 - (RealEstateRama) — Turner Construction Company, the nation’s leading general builder, has been awarded a $120 million contract to manage the construction of Harrah’s Cherokee Hotel Tower III in Cherokee, N.C. The completion of the tower is scheduled for December 2010
New Specialty Food Choices Set to Open at Concord Mills
April 29, 2009 Posted by North Carolina RealEstateRama
CONCORD, NC - April 28, 2009 - (RealEstateRama) — Simon Property Group’s Concord Mills is thrilled to announce two additional openings this summer. Firehouse Subs and Jasmine Smoothie World & Bubble Tea are set to open doors at the popular shopping center and bring dynamic new dining and refreshment options to Charlotte-area shoppers.
$48.85 Million in Neighborhood Stabilization Grants Announced
March 19, 2009 Posted by North Carolina RealEstateRama
Raleigh, NC - March 16, 2009 - (RealEstateRama) — Gov. Bev Perdue today announced that 20 local governments, nonprofits and other organizations have received grant awards totaling $48.85 million under the new federal Neighborhood Stabilization Program developed late last year by the U.S. Department of Housing and Urban Development. The program’s purpose is to assist those areas hit hardest by the housing crisis.
Housing North Carolina Awards Recognize Excellent Developments
October 23, 2008 Posted by North Carolina RealEstateRama
Raleigh, NC - October 24, 2008 - (RealEstateRama) — Four affordable housing developments will receive Housing North Carolina Awards on Oct. 16 during the N.C. Affordable Housing Conference at the Durham Marriott at the Civic Center in Durham.
HUD Secretary and Mayor McCrory announce $10 million loan guarantee to Charlotte
August 26, 2008 Posted by North Carolina RealEstateRama
WASHINGTON - August 25, 2008 - (RealEstateRama) — U.S. Department of Housing and Urban Development Secretary Steve Preston today announced that he is approving a $10 million loan guarantee to the City of Charlotte to purchase 70 acres in the Double Oaks neighborhood.
