By Outer Banks Voice on April 26, 2021
On May 5, the Manteo Commissioners are expected to decide whether to approve a zoning text amendment that would pave the way for SAGA Construction to develop a 72-unit project by the CVS in Manteo that CEO Sumit Gupta has said will rent for under $1,000 if it is awarded important housing tax credits. The Manteo Planning and Zoning Board voted against permitting the SAGA project.
On Aug. 26, the Board of Directors of the Outer Banks Chamber of Commerce released this statement soliciting support for SAGA’s proposed development. Here are some key excerpts.
“The Outer Banks Chamber of Commerce has stood up, supported, and worked toward trying to find solutions for the housing crisis in our area for many years. Supporting projects that are aimed at helping to add much-needed, long-term rental units to the inventory must be a priority. We must find a way to make these projects a reality and not continue to delay action.
If we cannot find solutions to the year-round and seasonal housing issues faced by our workforce, we will be unable to provide the level of service our visitors, guests, and residents enjoy year after year. We risk losing the economic base that has been built on people coming to our community – willing to spend their hard-earned dollars to enjoy the beauty, solitude and restfulness our area offers.
There is a project being proposed by one of our local developers, SAGA, on property they own located behind the CVS in Manteo. The project would include a 72-unit apartment complex; in order to be allowed to proceed with this project a text amendment is needed to make a change to the existing zoning.
If the text amendment is approved, the property would be developed into the proposed 72-unit housing project at market-rate rent giving the community an opportunity to provide much-needed housing. However, the property is also one of very few properties in Dare County that
qualifies for the 9% low-income housing tax credit (LIHTC) program. If the application for the LIHTC is approved, SAGA will team up with the Taft–Mills Group who specializes in LIHTC projects — i.e. Wakefield Commons in Raleigh and Parkside Commons in Greenville.
These proposed units would be available under this program for our service and frontline workers who qualify based on being employed in Dare County. The rental rates would be $900 and under and to remain in the units, the employment qualification must be met. Under the LIHTC program, the units must remain as affordable, year-round rentals for a minimum of 30 years.
The Outer Banks Chamber of Commerce is asking the business community to stand and support this text amendment change…Please consider sending a letter of support or public comment to the Manteo Town Commissioners on behalf of your employees who live in Manteo and Dare County as well as addressing the dire need for year-round rental units in our community.
The Manteo BOC will be meeting on May 5 at 6:30 p.m. at the Manteo Town Hall to hear the text amendment request. If you are a Manteo business or an employee living in Manteo, you may also consider attending the meeting to speak in favor of this project.
Mail-in Comments or Emails may be sent to James Ayers, Town Manager – firstname.lastname@example.org,Town of Manteo, PO Box 246, Manteo, NC 27954