Soul City ends HUD support after $31 million spend
Soul City in Warren County North Carolina once seen as a model of black capitalism is losing federal backing. HUD withdraws funding after failing to meet growth goals and debt projections. The Crumps who led the town remain. A court settlement is sought to transfer assets to HUD and satisfy creditors. Perdue Inc plans a 25 million plant that would employ over 1 000 people.
MENTIONED IN THIS ARTICLE
Soul City
N.C
Janice
Maurice Crump
Atlanta
Department of Housing and Urban Development
Johnson
Crumps
Crump
Warren County
Raleigh
Floyd McKissick
Congress of Racial Equality
HUD
McKissick
Joyce Green
Albert Diehl
New Community Development Corp
Diehl
Lef Town
Perdue Inc
Franky
HealthCo
Makeda McKissick
Soul City Co
Nixon
North Carolina
Jesse Helms
R-N.c
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