Wilmington receives $9 million award from state for affordable housing, Starway Village to move forward

Wilmington receives $9 million award from state for affordable housing, Starway Village to move forward
Published: Nov. 9, 2022 at 1:07 PM EST|Updated: Nov. 14, 2022 at 6:29 PM EST
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WILMINGTON, N.C. (WECT) - The City of Wilmington has received a $9 million award from the N.C. Office of Recovery and Resiliency for affordable housing, per an announcement on Wednesday, November 9. The grant, combined with funding from the City of Wilmington and New Hanover County, will help the Starway Village affordable housing project to move forward.

The funding is part of $22.3 million awarded by the NCORR from the Affordable Housing Development Fund for multi-family housing projects in areas that were hit hard by hurricanes Matthew and Florence.

In the case of Wilmington, it will go towards the 278-unit multi-family development Starway Village. This also will include 20 fully accessible ADA units. Wilmington City Council previously approved $3.5 million in American Rescue Plan funding for the project, and the New Hanover County Commissioners approved another $1.89 million in ARP funding.

Wilmington Mayor Bill Saffo hopes the new development will help to bring more people into the city limits.

“I’m a firm believer that you have to have a diversity of housing for your community to really be attractive because you just can’t have all of your workers, your service sector workers, moving to the outlying communities in the outlying areas going further and further out, which then creates another issue for us, which is more traffic,” Saffo said.

“The housing community, to be built by Bradley Housing Developers, LLC, is an example of redevelopment in a prime location, a former drive-in movie theatre spot near key amenities. Units will be affordable to households that make 60 percent of the area median income,” says the NCORR in the announcement. Census data says the medium household income for New Hanover County is $56,689.

The project is expected to break ground in 2023 and be completed by 2025.

The City of Greenville received $5 million towards a 180-unit affordable housing development, and Morehead City received an $8.3 million award for a 168-unit multi-family development.