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Local Government Support for Privately Owned Affordable Housing

May 16, 2022

By most accounts, the need for affordable housing across North Carolina is massive. According to 2019 census data, over a million North Carolina households are “cost burdened,” meaning they spend more than 30% of their income on housing. Almost half of those are “severely cost burdened,” meaning the … Continued

What we know about COVID’s impact on affordable housing – so far

January 6, 2022

The economic fallout from COVID-19 magnified many of the existing challenges faced by North Carolina communities such as access to open space or the capacity of the local health care systems. Among these issues, the crisis highlighted how stable and affordable housing is essential to the well-being … Continued

Crowdfunding for Historic Redevelopment

October 11, 2021

Crowdfunding or the act of raising investment dollars locally within a community can be traced in North Carolina to the early 20th century and potentially even earlier. Many of our community’s most iconic buildings were developed with financing provided by local residents. In early 1921, a committee … Continued

American Rescue Plan Act: Aid for Small Businesses and Nonprofits with ARP/CLFRF

October 4, 2021

The American Rescue Plan Act of 2021 (ARPA) is a wide-ranging law that provides federal funding in areas ranging from child care to higher education to community service to relief for shuttered venues to a restaurant revitalization fund. Separate from those programs, one component of ARPA distribute … Continued