Facing scrutiny over an unprecedented $61 million financing deal for affordable housing, Durham City Council sought transparency on Fayetteville Place as the State Auditor's office monitors the arrangement.
City Council directed staff to focus detailed planning on preserving Durham Athletic Park's unique features while allowing dual use for baseball and community events, with over 2,600 residents surveyed showing 44 percent prioritized preservation.
State Auditor's office is monitoring the unprecedented $61 million financing deal for Fayetteville Place affordable housing, comprising a $44 million bond and $17 million city loan, as Mayor Williams seeks community transparency on the structure.
Landlord representatives testified that recently enforced tenant protection policies may push independent landlords to sell to outside investors, potentially reducing affordable housing access for tenants with eviction histories or criminal records.