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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. However, funding for WHLP lapsed from 2021 to 2023, just as construction costs surged.

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

Community and Economic Development Program of UNC

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. 1] The data shows that rising costs are taking a toll on new affordable housing projects. How have developers adapted to rising costs?

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Recent Trends in Real Estate Development (Spring 2024)

Community and Economic Development Program of UNC

These posts are meant to inform local governments about current conditions facing private developers and real estate development projects in their communities. In January, Fannie Mae forecasted that the interest rate on 30-Year Fixed Mortgages would drop below 6% by the end of 2024.

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Recent Trends in Real Estate Development: Winter 2024

Community and Economic Development Program of UNC

These posts are meant to inform local governments about current conditions facing private developers and development projects in their communities. However, some economists have said that higher than expected inflation numbers released in January 2024 could delay those rate cuts. 1] Source: National Multifamily Housing Council.

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Look Back at 2023 Online Community Engagement Trends

Social Pinpoint

Before we look forward and reveal our predictions for the top 2024 trends in online community engagement, let’s look back. 2023 was the year that saw some very clear trends, especially in the digital community space. Below, we’ve listed the five trends we have mapped as the top 2023 online community engagement trends.

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A tech pipeline for rural communities: West Virginia joins AWS Tech Alliance

AWS Public Sector Blog

The West Virginia Tech Alliance will directly connect more than 750 learners to cloud employers throughout the 2024-2025 academic year. Employers worldwide seek a better and more consistent pipeline of in-house talent in order to compete in an increasingly competitive marketplace.

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Why Federal Down Payment Assistance and Closing Cost Reform Are Two Sides of the Same Coin

The Stoop (NYU Furman Center)

These programs, which are aimed at assisting first-time homebuyers (FTHBs), are primarily run by state and local governments as well as non-profit organizations. The National Association of Realtors (NAR) reports that the average down payment by an FTHB was 8 percent in 2023. percent down payment.

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