34 Pages This Week Thursday, June 22, 1989 Winston-Salem Chronicle 50 cents "The Twin City's Award-Winning Weekly" VOL. XV, Residents say 'no' to housing units By TONYA V. SMITH Chronicle Staff Writer Summer came two days early at the Board of Aldermen meeting Monday night, causing voices to rise, brows to sweat and tempers to flare to record highs -- a preview of the heat to come. The cause of the ruckus was a seemingly routine proposal by M.B. Corporation to build two apartment complexes for low-income families. Members of the Board of Alder men's Finance Committee had been conversing with the company for about six weeks -- hammering out agreements for the projects totalling $1.4 million. The committee had even agreed, during its June 12 meeting, to sell M.B. Corporation 4.4 acres on which to build the 44 apartment units, and to finance two second mortgage loans on the pro ject totalling $532,422. (The total project cost and loan amounts slightly decreased from original fig ures presented by M.B. Corporation to the committee because of a reduction in the number of three bedcoom fey the Housing Advisory Committee, pro posed for one of the complexes. Project costs went from $1.5 to 1.4 million, and the loans decreased from $532,422 to $531,862.) However, members of the Kim - Please see page Ad '"MiT ? v " trwreitHiUiiiwiwww1'