• 48°

Dare commissioners push forward on essential housing

On Oct. 19, Dare County commissioners moved ahead on essential housing.

The commissioners approved hiring an architect specialized in affordable housing to work on the county-owned site on Bowsertown Road in Manteo.

A comprehensive presentation from the Development Finance Initiative program in the School of Government at UNC-Chapel Hill kicked off the decision.

Marcia Perritt, associate director of the initiative, delivered a report on the Phase 1, which was to identify two sites for essential housing for a public-private partnership development.

The first site is the Bowsertown Road site, which has long been on the county’s list for essential or affordable housing.

Perritt did not identify a second site. She did say that the program had identified four possible sites, all privately owned.

As Dare County pursues an essential housing program, the recommended vehicle is the Low Income Housing Tax Credit Program, which, Perritt said, is the program used to build the overwhelming majority of low-income housing in the United States.

For the Bowsertown Road property, the 4% credit program is suggested to build 64 privately-owned units with one- and two-bedroom units. Another part of the program is the 9% credit, which requires certain community amenities and less “gap” or county financing.

The initiative is targeting rents ranging from $680 for a one-bedroom and $810 for two-bedrooms, which rents represent no more than 30% of the household income.

Investing in a 4% program to yield a potential 125 units would require private investment of $17.5 to $18.5 million in tax credit equity and loans and $4 to $5 million in low interest loans from other sources.

At the Bowsertown Road site, the units would be two stories with parking underneath.

“There are a lot of challenges to this site,” said Perritt. In the middle of the site is the state-owned boat ramp with parking. Dare County owns land on both sides of the canal. The county will launch an inquiry with the state about moving the boat ramp to the other side of the canal.

The unit sizes would be 850 square feet for a one-bedroom and 1,000 square feet for a two-bedroom. These sizes may decrease to achieve more units.

READ ABOUT MORE NEWS AND EVENTS HERE.

RECENT HEADLINES:

North Carolina to get over 3 million BinaxNOW rapid coronavirus tests

North Carolina Ferry System designated federal Marine Highway Project

Hyde

Food box distribution Thursday for Hyde County

Lifestyles

WinterLights: Holiday displays bring a decade of cheer

Lifestyles

Free health screenings for those in fishing industry

News

State and local COVID-19 case count update; additional COVID-related death reported in Dare

News

2017 ban on local LGBT ordinances ends in North Carolina

News

Additional COVID-19 death reported in Bertie County

Crime

Deputies: Woman shot man, robbed store in North Carolina crime spree

News

Criminal record, sentence changes among new North Carolina laws

Currituck

Currituck 4-H program helps with weekend meals for students in need

News

First female Senate majority leader elected in North Carolina

Lifestyles

No turning back: How living in a van has led John Demer to extraordinary places and people

Lifestyles

Giving back to the sounds by recycling for reefs

Hyde

Christmas concerts with David Roach set in Columbia, Swan Quarter and Plymouth

Crime

Man gets prison time for false bomb threats made to schools

News

Gaddy Endowment Fund donates $100k to Manteo Middle School

News

Man dies after 50-foot fall in North Carolina state park

News

15-year-old boy dead, brother injured in North Carolina campground fire

Hyde

Portion of NC 12 on Ocracoke Island closed, standing water on NC 12 on Hatteras Island reported

Lifestyles

Checks presented to non-profits at Dare BOC meet

Lifestyles

Blood drive set for Tuesday and Wednesday in Kitty Hawk

News

Weekly North Carolina gas price update

Crime

Currituck man charged in Camden County and Elizabeth City armed robberies

News

Man shot by police after traffic stop in North Carolina

Crime

Police: Man charged with attempted murder in North Carolina machete attack