From the Port City Daily:
The local public housing authority is “getting creative” in how it supports the addition of affordable housing in the community, according to executive director Tyrone Garrett.
As part of its federal allocation of housing choice vouchers, Wilmington Housing Authority can dole out project-based vouchers to eligible developers. Vouchers are intended to assist families earning 80% or less than the county’s AMI.
According to New Hanover County’s housing assessment, updated in 2023, nearly two-fifths of all renter households have annual incomes below $30,000.
At its Tuesday meeting, the WHA board unanimously approved issuing $3.8 million in project-based vouchers to Blue Ridge Atlantic, the group behind a 72-unit senior affordable housing complex on Middle Sound Loop Road.
The three-story Residence at Canopy Pointe will offer one-bedroom and two-bedroom apartments. Only individuals ages 55 and over, making 30% to 80% of the area’s median income ($63,926, according to the county’s housing assessment), can apply, with rent ranging from $367 to $1,050, based on income and available units.
“We talked about the creation of affordable housing in the city and in the county, and we want to contribute,” Garrett said at the meeting. “We can’t build new units almost immediately like other developers.”
WHA’s vouchers will subsidize 18 units in the Residence at Canopy Pointe. Construction on the project began in February and expects to welcome tenants by January 2024.
Read the Port City Daily's article "More affordable housing on way, WHA boosts senior development project."