Delco
REAL ESTATE
Dwelling rate increase of 8% to take effect in November
WILMINGTON, N.C. (WECT) - A dwelling rate increase of 8% is set to take effect Nov. 1, according to the N.C. Department of Insurance. Per the announcement, the rate was set following a settlement between the N.C. Department of Insurance and insurance companies. Originally, the N.C. Rate Bureau requested an increase of 50.6%.
New Hanover Community Endowment announces $19 million aimed at supporting affordable housing
WILMINGTON, N.C. (WECT) - The New Hanover Community Endowment on May 29 announced that it is allocating up to $19 million to support affordable housing programs. The Affordable Housing Investment Strategy allocates $8.1 million over three years to nonprofit housing providers, $11.5 million to facilitate the creation of affordable housing through grants and it will explore creating a fund to provide funds for development projects.
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