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County creates housing capital repair grant fund from sale proceeds; $545,679.53 set as cap
Summary
Pender County approved a budget ordinance amendment to establish a grant funding program using $545,679.53 in proceeds from the prior sale of Country Court Apartments to fund capital repairs at HUD/tax‑credit apartment facilities on a project basis.
Pender County commissioners on May 19 approved a budget ordinance amendment to establish a capital needs grant program funded by proceeds from the prior sale of Country Court Apartments. The amendment creates a program through which HUD‑assisted or tax‑credit apartment facilities may apply for project‑based capital repairs; the total available…
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