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The Herald Sun – New apartments in downtown Durham will be affordable for hundreds of people

Indy Week – Durham Commissioners Will Soon Decide How Much Affordable Housing to Put on Two Downtown Sites

In weighing their options for how to redevelop two county-owned parking lots on Main Street, county commissioners are leaning toward a plan that would include 277 units of affordable housing.

Commissioners discussed the two options for redeveloping lots on the 300 and 500 blocks of East Main Street during a work session Monday morning.

Plan A includes a total of 492 residential units, 180 of which would be affordable to households earning 30 to 80 percent of the area median income; 55,500-square-feet of commercial space and as many as 1,970 parking spaces across both sites. In that concept, the affordable housing units would cost the county about $4 million to $5 million.

Plan B includes 437 residential units, 277 of which would be affordable to housing earning 30 to 80 percent of the area median income; 34,700-square-feet of commercial space; and as many as 1,933 parking spaces across the two properties. Affordable housing under plan B would require a county subsidy of about $8 to $9 million.

(Thirty percent of the area median income is about $22,000 for a family of four. Eighty percent is about $58,000).

Check out more details in the document below: