The Durham City Council is moving ahead with giving the Durham Housing Authority $4.2 million to buy 20 acres of crumbling foundations for future affordable housing.
The council plans to vote on the grant to Development Ventures Inc., (DVI) a development arm of the Durham Housing Authority, at its June 5 meeting.
The grant deal was on the council’s Thursday work session agenda, but members didn’t ask any questions or express concerns, indicating likely approval.
The money would allow DVI to re-purchase the property known as Fayette Place, which was sold to Campus Apartments in 2007. The area is bounded by Fayetteville, Umstead and Merrick streets, between downtown and N.C. Central University.
Most City Council members committed to supporting the grant at a recent Durham Congregations, ...Read More