Wilmington City Council voted to donate thousands of dollars to a nonprofit to create more affordable housing Tuesday night.
WILMINGTON, NC (WWAY) — Wilmington City Council voted to donate thousands of dollars to a nonprofit to create more affordable housing Tuesday night.
The council voted to loan nearly $700,000 to the Cape Fear Collective to rehabilitate the 15-unit Driftwood property on Princess Place Drive.
The goal is to provide more permanent free or low-cost housing. It will specifically help people with disabilities who have experienced homelessness for at least a year or repeatedly over several years.
The funding comes from a community development block grant focused on coronavirus.
“Quality and safety of housing is really important to us,” said Meaghan Dennison, CEO of Cape Fear Collective. “I think I can speak for our other partners when I say we really want to make sure that every single one of us on our teams will live in these units, so that’s the standard we’re building them to.”
Once the developers are able to begin construction, they hope it will take around 60 days before the units go live.