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New Hanover Revives Workforce Housing | Wilmington News
New Hanover County is reviving its workforce housing push with a $4 million loan fund requiring 20% affordable units for incomes between $60K–$120K, plus 5% interest repayment — kickstarting with Cape Fear Development’s 236-unit townhome pilot, The Proximity at Blue Clay, featuring capped rents for a decade. This comeback reverses a 2025 budget cut that eliminated annual funding, now repurposing a one-time transfer from the Revenue Stabilization Fund (funded by the former medical center sale) to create a self-sustaining model. The remaining $2 million is open for adaptive reuse projects, with…
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