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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?

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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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Tackling New York City’s Housing Crisis is a ‘Shared Responsibility’

The Stoop (NYU Furman Center)

Top New York City officials urged state leaders in Albany to provide the necessary funding and legislative support to build additional housing as the city contends with its worst housing crunch in over 50 years. "We percent—the lowest mark since 1986, according to the latest NYC Housing and Vacancy Survey released last Thursday.

Housing 109
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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. Manufactured homes are a statewide feature of North Carolina – we have more than almost any other state.

Housing 81
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What @sog_ced is reading online: July 2022

Community and Economic Development Program of UNC

The following are articles and reports on the web that the Community and Economic Development Program at the UNC School of Government shared through social media over the past month. US Treasury revised ARPA SLFRF eligibility to allow loans for 20+ year restricted affordable housing for those earning 65% AMI or below. June 2022.

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Recent Trends in Real Estate Development: Fall 2023

Community and Economic Development Program of UNC

This blog post is the first in a regular series aimed at informing local government partners about current conditions facing private developers and development projects in their communities. In 2021, for example, a developer able to secure a $5 million loan with 3.5% With an interest rate of 8.5% Louis FRED Economic Data.

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What @sog_ced is reading online: November 2022

Community and Economic Development Program of UNC

The following are articles and reports on the web that the Community and Economic Development Program at the UNC School of Government shared through social media over the past month. October 2022. Follow us on twitter or facebook to receive regular updates. Last month’s edition of “What @sog_ced is reading….”