Remove 2022 Remove Housing Remove Local Government
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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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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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Revisiting the Community Land Trust: An Academic Literature Review

Community and Economic Development Program of UNC

Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiring homeowners (Hackett et al.

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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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What @sog_ced is reading online: August 2022

Community and Economic Development Program of UNC

Items of interest related to CED in North Carolina : School of Government faculty and staff from the Development Finance Initiative (DFI) will jointly host a seminar to focus on local government support and public-private partnerships for workforce residential housing. July 2022. Learn more and register: ow.ly/s2bf50KhNSp.

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Public Sector Day 2022 Increases Accessibility While Emphasizing Key Topics Impacting Government

Government Technology Insider

Because of its far-reaching impact, the White House released an Executive Order on America’s Supply Chains in July 2021 to make improvements that will both resolve current issues and future-proof our access to goods. As well as dividing panels by federal, state, and local government, they will also be segmented by topic.