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

Community and Economic Development Program of UNC

Affordable housing developers, particularly those using the Low-Income Housing Tax Credit (LIHTC) to build new low-income rental housing, are also feeling the effects of this challenging development environment. 1] The data shows that rising costs are taking a toll on new affordable housing projects.

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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 response, developers increasingly relied on local governments to fill the financial shortfall.

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Why Federal Grants Are Critical to State and Local Cyberdefenses

State Tech Magazine

As supplemental federal COVID-19 funding runs out and inflation makes it increasingly more expensive for state and local governments to borrow money, department budgets will remain tight. The program, which is part of the 2022 National Security Strategy, will provide $1…

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5 public sector technology predictions for 2023

AWS Public Sector Blog

At AWS re:Invent 2022, I connected with inspiring customers around the world who are using the cloud to drive innovation in government, education, nonprofit, space, and healthcare. Organizations no longer need special hardware or in-house expertise to reap the benefits. And many are rising to the challenge.

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How Livingston Parish prepares for natural disasters by improving resiliency in the cloud

AWS Public Sector Blog

According to the National Centers for Environmental Information (NCEI), as of October 11, 2022, the US has sustained 15 weather/climate disaster events, with losses exceeding $1 billion each, the deaths of 342 people, and significant economic effects on the areas impacted. “The

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Using the cloud to integrate homelessness data with whole-person care services

AWS Public Sector Blog

In San Diego County, California, for every 10 homeless people who found housing in the last year, 13 more people became homeless. In communities across the country, organizations, philanthropists, and government are working hard to make homelessness rare, brief, and nonrecurring. The 2022 U.S. Clarity Human Services runs on AWS.

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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. Of those renters, 73% are extremely low-income, earning less than 30% of the local area median income. [1] For instance, the 2024 FMR was calculated using ACS data from 2017 to 2021.

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