The N.C. Office of Recovery and Resiliency has awarded $22.3 million from the Affordable Housing Development Fund to three cities for new multi-family housing projects, and two of them are in eastern North Carolina.
These grants are tied to financing for multi-family housing rehabilitation and construction outside of the 100-year floodplain.
Greenville will use its portion to finance Arlington Trace, a 180-unit affordable housing development. Rent rates will be affordable for families who make up to 60 percent of the county's area median income.
In Morehead City, the money will be used to build Elijah's Landing Apartments, a 168-unit multi-family development on almost 12 acres in the central part of the city. The development will include one- two- and three-bedroom affordable work force housing units.
