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Durham, North Carolina, Housing Bonds (November 2019)
| Durham Housing Bonds |
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| The basics |
| Election date: |
| November 5, 2019 |
| Status: |
 Approved
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| Topic: |
| City bonds |
| Related articles |
| City bonds on the ballot November 5, 2019 ballot measures in North Carolina Durham County, North Carolina ballot measures Other counties |
| See also |
| Durham, North Carolina |
A housing bond issue was on the ballot for Durham voters in Durham, Wake, and Orange counties in North Carolina on November 5, 2019. It was approved.
| A yes vote was a vote in favor of authorizing the city to issue up to $95 million in bonds to fund affordable housing development projects and requiring an estimated additional property tax of $16 per $100,000 in assessed property value for 20 years. |
| A no vote was a vote against authorizing the city to issue up to $95 million in bonds to fund affordable housing, thereby leaving the existing property tax rate unchanged. |
For a house with an average value in Durham ($230,000), the city estimated that the additional property tax required to repay these bonds would be about $37 per year.[1]
Revenue from the bond issue, in addition to other local and federal funding, was set to go to the Durham Affordable Housing Bond Investment Plan. The plan was set with the following goals:[1]
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Election results
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Durham Housing Bonds |
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| Result | Votes | Percentage | ||
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26,758 | 75.90% | ||
| No | 8,498 | 24.10% | ||
Text of measure
Ballot question
The ballot question was as follows:[3]
| “ |
SHALL the order authorizing $95,000,000 of bonds plus interest to pay the capital costs of housing projects for the benefit of persons of low income, or moderate income, or low and moderate income, including construction of infrastructure improvements related thereto and the acquisition of land and rights-of-way required therefor, and providing that additional taxes may be levied in an amount sufficient to pay the principal of and interest on the bonds be approved?[2] |
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Path to the ballot
This measure was put on the ballot through a vote of the Durham City Council.
See also
External links
- Search Google News for this topic
- Durham County Elections Office website
- Durham City: Community Development, Affordable Housing Bond
Footnotes
- ↑ 1.0 1.1 Durham City Government, "$95 Million Affordable Housing Bond on November Ballot," accessed October 15, 2019
- ↑ 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ Orange County Board of elections, "Official Election Notice: 2019 Municipal," accessed September 23
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