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Board grants preliminary approval for 323‑unit East Bank affordable housing project
Summary
The board gave preliminary approval to ECG East Bank LP to issue up to $100,000,000 in multifamily housing revenue bonds for a 323‑unit affordable development near Titan Stadium; developer representatives said roughly 25% of units will target 30% AMI and project‑based vouchers will come from a state allocation via THDA.
The Health and Education Facilities Board granted preliminary approval to ECG East Bank LP to issue up to $100,000,000 in multifamily housing revenue bonds for a proposed 323‑unit affordable housing project across from the new Titan Stadium.
Elsie, speaking on behalf of Wilmington, described the project…
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