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Coucil oks money for project

SEP 7, 2015

The city is embarking on one of its largest affordable-housing projects in recent years, but some residents are skeptical.

The Raleigh City Council has agreed to set aside $6.8 million to revamp Washington Terrace, a privately owned housing community east of downtown Raleigh, near St. Augustine’s University.

Much of the money from the city will come from voter-approved bonds. Raleigh typically has not spent such a large sum on affordable-housing projects.

By redeveloping Washington Terrace, the city would create more affordable-housing units than it has created over the past five years combined.

 


Read more here: http://www.newsobserver.com/news/local/community/midtown-raleigh-news/article34315611.html#storylink=cpy
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