Remove 2020 Remove Development Remove Housing
article thumbnail

How local governments are closing the financial gap for affordable housing developments

Community and Economic Development Program of UNC

The challenges facing real estate development today are well-known. A June 2024 survey of the nation’s largest developers found that two-thirds of multifamily projects in the pipeline are delayed because they are no longer economically feasible under current conditions. How have developers adapted to rising costs?

article thumbnail

2024 Update: Local governments are closing the financial gap for affordable housing developments

Community and Economic Development Program of UNC

Earlier this month, DFI examined how local governments in North Carolina have stepped in to make new affordable housing construction economically viable after a historic increase in construction costs and elevated interest rates. In August, the North Carolina Housing Finance Agency (NCHFA) released the latest funding awards for 2024.

article thumbnail

Building Resilience: Leveraging Innovative Partnerships and Low Cost Capital to Meet Affordable Single-Family Housing Needs

Center for Community Progress

In this chapter, John O’Callaghan , president and CEO of the Atlanta Neighborhood Development Partnership (ANDP), and Mandy Eidson , senior manager of the ANDP Loan Fund, share how ANDP is innovatively meeting affordable single-family housing needs in Atlanta. Source: Atlanta Neighborhood Development Partnership.

Housing 98
article thumbnail

The Use of Housing Choice Vouchers in New York City

The Stoop (NYU Furman Center)

More than 5 million low-income people across the country use Section 8 Housing Choice Vouchers to help subsidize their housing costs. Department of Housing and Urban Development. By 2020, the median renter household’s income was more than 4 times that of the median voucher holder.

Housing 89
article thumbnail

CED and Affordable Housing: How Does Manufactured Housing Fit In?

Community and Economic Development Program of UNC

Housing is a basic issue for anyone interested in CED. Behind the headline are a host of issues that both foster hope in how to address affordable housing needs and the realization of the many steps it may take to get there. Manufactured homes are a statewide feature of North Carolina – we have more than almost any other state.

Housing 81
article thumbnail

Implications and Geography of Office to Housing Conversions

The Stoop (NYU Furman Center)

Office to residential conversions are a once-in-a-generation opportunity to provide affordable housing in New York City. In their “ Making New York Work for Everyone ” plan, released in January, Mayor Adams and Governor Hochul expressed eagerness to build more housing in New York City’s business districts after COVID.

Housing 86
article thumbnail

Exploring Affordable Housing Finance with Dionna Sargent

First State Insights

Sean O'Neill, Policy Scientist at the University of Delaware's Institute for Public Administration (IPA) speaks to Dionna Sargent, Vice President of Community Development at Cinnaire, about affordable housing, community development, and the Black Lives Matter Movement. This interview was recorded on September 1, 2020.

Housing 52