Next month the Winston-Salem City Council will vote to approve the first-round funding for its newly adopted Affordable Housing Development (AHD) program. Ahead of the full council vote in May, earlier this week the Community Development/Housing/General Government Committee had an opportunity to discuss the proposals for Low-Income Housing Tax Credit (LIHTC) projects and the available $1 lots.
Affordable Housing Development and Low-Income Housing Tax Credit processes
To help support the development of affordable housing throughout Winston-Salem, city officials adopted the AHD program. The program is designed to offer flexibility for contractors and developers to create and preserve affordable rental and owner-occupied housing…