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Council approves up-to-$17.05 million loan for Villages at Haytai Phase 1; community supporters attend
Summary
Durham City Council authorized the city manager to negotiate and execute loan documents for up to $17,049,195 to support the Villages at Haytai Phase 1 redevelopment, with public commenters both praising and seeking assurances around community benefits and contractor participation.
Durham City Council voted Nov. 17 to authorize the city manager to negotiate and execute a loan agreement and related documents to provide up to $17,049,195 to the Housing Authority of the City of Durham (DHA) and/or its affiliate Development Ventures, Inc. for the Villages at Haytai Phase 1 redevelopment (formerly Fayette Place).
The motion — presented as authorization for loan negotiation and execution — passed unanimously after public comment…
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