News
| 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.
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.
$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.
State to Gain $263 Million in Affordable Apartments
August 23, 2008 Posted by North Carolina RealEstateRama
Raleigh, NC - August 23, 2008 - (RealEstateRama) — North Carolina will gain $263 million in affordable rental apartments as the result of federal tax credits approved last week by the Tax Reform Allocation Committee and loans from the North Carolina Housing Finance Agency.
State grant will make the Greensboro Coliseum Complex a greener building
June 20, 2008 Posted by North Carolina RealEstateRama
GREENSBORO, NC (June 20, 2008) – The City of Greensboro Field Operations Department has been awarded a Community Waste Reduction and Recycling Grant worth $18,000 from the NC Division of Pollution Prevention and Environmental Assistance. The grant will be used to fund changes that will make the Greensboro Coliseum Complex a greener facility. Changes include […]
$500,000 in Housing Development for Alamance, Hoke Counties
June 18, 2008 Posted by North Carolina RealEstateRama
RALEIGH – June 17, 2008 - Commerce Secretary Jim Fain today announced that Alamance and Hoke counties each recently received $250,000 in Community Development Block Grants for housing development. Each grant will help fund the installation of infrastructure such as water and sewer lines, flood and drainage, and street improvements for 14 single-family homes. All […]
First Luxury Log Homes Under Construction at Cielo Falls
December 22, 2007 Posted by North Carolina RealEstateRama
Blue Ridge Parkway community begins construction on log homes and rustic lodge
Blue Ridge Parkway, NC - December 20, 2007 - Cielo Falls, the premier luxury log home community in North Carolina, announces the start of construction on the first four homes as well as the community’s grand log Clubhouse. Just a mile from the Blue […]
