Project Category: Budget Based Rent Increase

Reconstruction of Hurricane Damaged Property with Vitus

In 2018, Market North, a 204-unit multifamily project located in Wilmington, North Carolina, experienced extreme damage after Hurricane Florence. All residents were forced to vacate the property. The project has a project-based Section 8 Housing Assistance Payments (HAP) contract assisting 201 units and is regulated under HUD’s LIHPRHA program.