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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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Local Governments Are Developing Early AI Use Cases, CIOs Say

State Tech Magazine

Local government CIOs agreed that artificial intelligence has great potential for staff augmentation but noted that they are only in the early stages of testing AI use cases. Speaking Thursday at the Public Technology Institute’s 2024 AI and Cyber Summit in Washington, D.C.,

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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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State and Local Government IT Influencers Worth a Follow in 2024

State Tech Magazine

As cutting-edge technologies, especially artificial intelligence, charge onto the scene, leading state and local officials have collaborated closely with private sector organizations to securely, compliantly and sustainability enhance citizen experiences while modernizing the back-office functions that support them.

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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. 2] (Figure 4) Source: U.S.

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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. link] [2] St.

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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. state and local government and education (SLED) initiatives.