Wednesday, January 16, 2008

Kill Devil Hills Affordable Housing

Dec. 18 – The Planning Board approved a site plan submitted by the Dare Education Foundation for three 8-unit buildings at 109 Veterans Drive - property owned by the Dare County School Board adjacent to First Flight High School. The project is being funded by a $2.2 million, 10-year interest free loan offered by the State Employees Credit Union to address the affordable housing needs of Dare County’s teachers. When completed and turned over to the Dare Education Foundation, the 2-bedroom units would be rented for approximately $750 per month. The units are expected to be completed by August 2008; to assist with the affordability of the project, the Town is waiving over $148,000 of the project’s local fees.

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