2024 Update: Local governments are closing the financial gap for affordable housing developments
Community and Economic Development Program of UNC
SEPTEMBER 4, 2024
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. The median development cost per unit remained steady at $250,000, more than 50% higher than in 2020.
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