The Durham City Council voted Monday to sideline a program that would have extended loans to Durham homeowners suffering from the increased taxes that come with higher property valuations.
Instead, on a 4–3 vote, the council approved a proposal from council member Steve Schewel to give residents of the Southside neighborhood grants for the difference in their 2016 tax bill while the city develops a more comprehensive housing stabilization strategy.
“I am in strong support of figuring out a comprehensive, efficient, equitable, and cost-effective program to keep our low-income homeowners in their homes, and I know that is a goal that all of my colleagues share,” Schewel said. “After a lot of reflection, I don’t think the program in front of us tonight is the best we can do.”
Mayor Bill Bell, Mayor Pro Tem Cora Cole-McFadden, and council member Eddie Davis voted against Schewel’s proposal.…