Wilmington News Today | 2 Min News | The Daily News Now!
Wilmington’s Dawson Lofts II housing project, set to build 86 affordable units after Hurricane Florence damage, faces a twist: city council votes to approve $2 million at 2% interest — a move the developer warns could derail federal funding and inflate rents. Despite pushback, the council moves forward, only to later learn the higher rate won’t impact the project — construction still on track for early 2027.
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This is an automated, high-level news summary based on public reporting.
Sources:
https://portcitydaily.com/local-news/2026/09/16/wha-says-dawson-lofts-project-will-not-change-despite-council-upping-interest-rate/
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