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.
$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.
