WILMINGTON, N.C. (WECT) -The Local Government Commission (LGC) approved bonds to help fund two projects in southeastern North Carolina.
During its meeting on Tuesday, Aug. 5, the LGC approved a request from the Wilmington Housing Authority for $28 million in revenue bonds to be loaned to BRAD Avenue Flats, a North Carolina limited liability company, to build a new housing development.
The bonds will fund the acquisition, construction, and equipping of Avenue Flats, a 184-unit multifamily rental housing development at South Kerr Avenue, to help accommodate low-income families…