Starway Village Housing Revenue Notes

At a glance

• What: Reissuance of two multifamily housing revenue bonds for previously approved projects: Starway Village Phase I ($23.5 million) and Phase II ($13.6 million). Routine reissuance with minor document revisions.
• Where it stands: Resolutions approved unanimously on September 22, 2026.
• Next: Routine financing for affordable housing development continues.

Project details

Starway Village Phase I:

• Multifamily housing facility
• Financing: $23,500,000 revenue bond
• Revenue note for land finance

Starway Village Phase II:

• Multifamily housing facility
• Financing: $13,600,000 revenue bond
• Revenue note for land finance

Processing notes

September 22, 2026:

• Mayor Saffo pulled both items for clarification
• City Manager Hawke explained minor typos in documents (nothing substantive changed)
• City Clerk provided copies of revised Resolutions to Council
• City Manager offered to provide net revenue details and other information to Council before vote

Motion history

September 22, 2026:

• Resolution Providing Approval of Reissuance of $23,500,000 (Starway Village I) Multifamily Housing Revenue Note

  • Motion by Councilmember Andrews
  • Second by Councilmember Clinton-Quintana
  • Vote: 7-0 (unanimous)

• Resolution Providing Approval of Reissuance of $13,600,000 (Starway Village II) Multifamily Housing Revenue Note

  • Second by Councilmember Clinton-Quintana
  • Vote: 7-0 (unanimous)

Sources

• City Council regular meeting minutes, September 22, 2026: https://wilmington.granicus.com/MinutesViewer.php?view_id=25&clip_id=7313&doc_id=2af13546-c252-11f1-89ef-005056a84798
• Wilmington City website: https://www.wilmingtonnc.gov

Log

2026-09-22 - City Council

Routine reissuance resolutions for multifamily housing revenue bonds. Mayor Saffo pulled items for document clarification due to minor typos. City Manager Hawke explained no substantive changes to documents. Council approved both resolutions unanimously.