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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.

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Quote on housing that's very apt: "As demand for housing rises, Philadelphia’s neighborhoods can either remain affordable or remain low-density. They cannot do both"

Rebuilding Place in Urban Space

It's relevant to both strong and weak markets, because even in weak markets, there probably isn't enough housing. Like a lot of Salt Lake west side is mostly single family housing. If you want to support schools, you need more population, and given the housing demographics there, that means multiunit housing.

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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. in 2021 is $124,400 (average of single and double-wide, not including land).

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How changes to Fair Market Rent affects access to affordable housing for extremely low-income renters

Community and Economic Development Program of UNC

Housing Choice Vouchers are a critical source of funding for North Carolina’s lowest income renters to access affordable housing. 1] The program works by requiring voucher holders to pay a third of their income, while HUD covers the remaining portion of the housing costs.

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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.

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Eviction practices across subsidized housing in New York State

The Stoop (NYU Furman Center)

The authors find evidence that average eviction filing rates were consistently higher in public housing than in other types of subsidized housing in the pre-pandemic period (2016-2019). This suggests that public housing agencies may rely on eviction filings as a rent collection strategy. Background and Context.

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Local Conduit Issuances of Affordable Housing Bonds in North Carolina: The Basics

Community and Economic Development Program of UNC

North Carolina suffers from a lack of affordable housing options for low and moderate income households. In a May 2022 post , Tyler outlined many of the ways in which North Carolina’s local governments can aid the development of privately owned affordable housing.

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