What @sog_ced is reading online: April 2023

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. Follow us on twitter or facebook to receive regular updates.

DFI in the news:

UNC DFI engagement with Morrisville NC appears in the Triangle Business Journal: 25-acre Morrisville Town Center project continues to progress. https://bit.ly/3KurLOE

Other CED Items:

Food deserts are communities without a grocery store. Federal Reserve Bank article describes food desert program in a rural area that brings groceries to a central point in town. Housebound residents can request delivery to their door. bit.ly/3M69Oaz

Condos are in crisis, per Urban Institute report, and have an important role in the housing market: “They are the first step on the homeownership ladder for many younger buyers, and they are the ticket to downsizing for older buyers.” https://urbn.is/3maWmYf

Federal Reserve Bank describes “benefits cliffs” (when a raise might make an employee worse off) and a tool to help employers understand them. bit.ly/41kaSvZ 

U.S. office vacancy rate is 12.9%, higher than during the 2008 recession, and expected to worsen. https://www.wsj.com/articles/commercial-real-estate-woes-run-deeper-than-in-past-downturns-e0c1f2b3
More grim news via NY Times on the declining office market and potential impacts: https://nyti.ms/3nkvYvs

Last month’s edition of “What @sog_ced is reading….” March 2023

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