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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 August, the North Carolina Housing Finance Agency (NCHFA) released the latest funding awards for 2024.

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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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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: 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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Connecting Young Adults to Housing, Jobs and Education

NLC (National League of Cities)

Among these needs, housing ranks high. The US Department of Housing and Urban Development (HUD) published a 2024 Point […] Source

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What @sog_ced is reading online: March 2024

Community and Economic Development Program of UNC

The following are articles and reports on the web that the Community and Economic Development Program at the UNC School of Government shared through social media over the past month. They all canceled incentive contracts with the State of North Carolina, bringing the total canceled in 2024 to more than a dozen.

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Welcome to Google Public Sector Summit 2024

Google Public Sector

These workloads could include agents built to help government employees streamline workflows and code development, gain deeper insights from data to drive better decision-making, and enhance the agency's cybersecurity posture to navigate evolving threats. federal agencies navigating the evolving CAIO role¹.