Durham greenlights $44M bond for redevelopment in the heart of Hayti

Durham City Council Approves $44M Bond for Affordable Housing Project in Hayti NeighborhoodThe Durham City Council has taken a significant step towards revitalizing the Hayti neighborhood by approving a $44M tax-exempt bond for the Villages of Hayti affordable housing project. This project aims to bring 252 affordable rental units to the community, with income limits set at 30-80% of the area median income. The development will include community spaces and a community center, and is expected to be completed by 2027. Despite concerns about hiring practices and diversity, city officials emphasize their commitment to ensuring diversity in the project and subjecting it to federal monitoring for employment and training opportunities for low-income individuals. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.