Remove 2023 Remove Development 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

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. The median development cost per unit remained steady at $250,000, more than 50% higher than in 2020.

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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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Public Technology Institute Surveys Local Government IT Leaders for Top Priorities

State Tech Magazine

The Public Technology Institute, a leader in government technology training and professional development, is looking at changes, both internal and across government IT, following the announcement of a new partnership and the release of its annual survey.

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Low-Code Development Offers Fast Relief for Strained State and Local Agencies

State Tech Magazine

8 comes low-code and no-code software development. For example, Gartner forecasts the low-code software development market will grow roughly 20 percent in 2023. Many state and local governments… 6 is artificial intelligence. And at No. These priority items are linked.

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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.

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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. In the months leading up to the Fed’s announcement, commercial real estate developers continued to report project delays caused by high interest rates. See Figure 1.