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Weldon, NC: Small Town Development |
| Description: When the Wilmington and Weldon Railroad was completed in 1840, at 161.5 miles it was the longest railroad in the world. As the termination point for the first railroad lines in North Carolina, the town Weldon prospered in the late 19th and early 20th centuries as a regional center for transportation and trade. By 1915 there were three dry goods sellers, three department stores, three shoe and boot stores, two hardware sellers, two druggists, six grocers and a furniture store in the thriving town. But with the rise of automotive transportation the town’s growth waned, and by the turn of this century, Weldon’s boom years were a distant memory. |
| Impact: Encouraged by local officials, The Landmark Group took on the renovation of five buildings along two blocks of Washington Street in the heart of downtown. Dating from 1885 and rich with architectural detail, the one- and two-story buildings include a former bank and businesses from Weldon’s heyday. Using federal and state historic property tax credits, affordable housing tax credits and community development funds, the buildings were transformed into 24 units of affordable housing and three street-level commercial spaces that retain much of the architectural character of the original properties. |
Key Ingredients:
- Historic Property Tax Credits
- Affordable Housing Tax Credits
- Community Development Block Grant Funds
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| Other Views
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