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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%

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ETIC 2023: CISA Developing SBOM Ecosystem for Open-Source Software Visibility

FedTech Magazine

The Cybersecurity and Infrastructure Security Agency is developing a software bill of materials ecosystem that companies can publish to, so agencies have greater visibility into software programming libraries, versions and underlying components.

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The future of open source in 2023

Open Access Government - Technology News

Ann Schlemmer, CEO of Percona, discusses the future of open source in 2023, including why platforms will matter more. Developers love open source software, and businesses value the innovation that it supports. The big reason why developers like using open source is that they can get started easier and faster. This means money.

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Smart Cities Connect 2023: Smart Streetlights Provide IoT Entry Point

State Tech Magazine

and in Philadelphia demonstrate the potential of smart streetlights not just for illuminating neighborhoods but also for collecting data that can improve the lives of citizens in other areas, agreed an expert panel at Smart Cities Connect 2023 on Tuesday. Smart city projects in Memphis, Tenn., Addressing the conference in National Harbor, Md.,

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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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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. Figure 1) Source: Fannie Mae Developers continue to report challenges caused by high interest rates. 2] (Figure 4) Source: U.S. link] [2] St. Louis FRED Economic Data.

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2024 Update: Local governments are closing the financial gap for affordable housing developments

Community and Economic Development Program of UNC

In 2023, local governments contributed nearly $30 million in soft loans to new construction projects funded by 9% Low-Income Housing Tax Credits (LIHTC) — more than double the amount in any previous year. The data shows that affordable housing developers continue to struggle with closing financial gaps in their projects (Table 1).