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Why Local Governments Should Make Housing Part of Their Economic Development Plans

NLC (National League of Cities)

NLC’s Entrepreneurship and Economic Development team helps cities meet their economic security needs by building robust and inclusive economies. In the […] Source

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Property Tax Exemptions for Community & Economic Development

Community and Economic Development Program of UNC

This blog post attempts to identify which of these property tax breaks that might be relevant to a local government’s community and economic development plans. Under that exclusion, qualifying farmland is taxed at its present use (farming) rather than its true market value (for development).

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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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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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Community building versus economic development

Rebuilding Place in Urban Space

A problem on Market East and in Philadelphia, they said, is the city government only contemplates the future in response to developers’ wishes. Similarly, a school in her neighborhood is closing and she suggests it become a library, even though it's a good site for multiunit housing, when the main library is just a few miles away.

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How Are Economic Developers Partnering to Solve Workforce Challenges?

Community and Economic Development Program of UNC

To attract, retain and expand businesses in today’s tight labor market, economic development organizations (EDOs) are becoming more involved than ever in partnerships to help meet employers’ talent pipeline and training needs. Lehigh Valley Economic Development Corporation in Pa.; What do those partnerships look like?

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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.