Commission approves $1.9 billion for local governments throughout North Carolina
The Local Government Commission approved nearly $2 billion in funding for municipalities in North Carolina during a meeting in early October.
The largest project funding request came from the North Carolina Housing Finance Agency. They asked for $750 million in revenue bonds to increase affordable housing, and the request was approved.
READ MORE: North Carolina Senate acts quickly to seek to override 4 of Gov. Cooper’s vetoes
Three requests totaling $235 million from the City of Charlotte were approved:
$235 million in general obligation bonds
$100 million in certificate of participation refunding
$200 million short-term note for streets and neighborhood improvement projects
The LGC also approved $1 million for downtown parking improvements in Avery County and $500,000 in Cleveland County to purchase land in downtown Boiling Springs.
(WATCH: Saving South End: City, county leaders debate funding for historic area)
