The Housing Bond Explained

In addition to choosing candidates, Raleigh residents will cast their votes Oct. 11 for or against two bonds worth $56 million to fund transportation and affordable housing projects. Of that $56 million, $16 million will be put towards affordable and work force housing endeavors. So here is a breakdown of the housing bond. If approved, the bonds would enable the city, acting as a lender, to provide loans to non-profit and for-profit developers to build or rehabilitate homes for low- and moderate-income residents.

Committee Approves ART Contract, Small Biz Plan

Members of the City Council’s Budget and Economic Development Committee approved a contract Tuesday with MV Transporation to handle some rides for disabled residents. The committee also approved going forward with Councilor Nancy McFarlane’s small business initiative. Both will be presented at the next city council meeting, Sept. 6.