Category: Finance & Public Private Partnership Tools
What’s Going On with ARP Infrastructure Investment in North Carolina?
A significant benefit of the American Rescue Plan Act of 2021 (ARP) for North Carolina CED professionals is the availability of funding for investment in water, sewer, and broadband infrastructure though the Coronavirus State and Local Fiscal Recovery Fund (SLFRS). Where and how is that local govern … Continued
CED through Local and Regional Food Systems: The Latest Resources
In the past year, activity around local food systems increased dramatically. Government has been involved in supporting food systems for decades, but primarily through programs adopted at the federal level to both promote food production and protect the health of consumers. But having government wor … Continued
CED and Affordable Housing: How Does Manufactured Housing Fit In?
This headline from last week would naturally grab the attention of any CED professional: “Affordable mobile homes are disappearing in Asheville; code change could bring some back.” Housing is a basic issue for anyone interested in CED. Behind the headline are a host of issues that both foster hope i … Continued
Options for Expanding Property Tax Relief for Lower Income Homeowners
Uniformity is a defining characteristic of our state’s property tax system. As I’ve written before, both our state constitution and the Machinery Act (the collection of state statutes that govern property taxes) require that all local governments across North Carolina play by the same property tax r … Continued
Local Government Support for Privately Owned Affordable Housing
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
How to Define a Retail Trade Area and an Office and Multifamily Market Area in a Small Town
The School of Government’s Development Finance Initiative (DFI) was founded in part to provide specialized assistance to help small towns in North Carolina attract private investment and spur revitalization efforts. A key part of DFI’s process is to evaluate the type and scale of development that th … Continued
American Rescue Plan Act: Aid for Small Businesses and Nonprofits with ARP/CLFRF
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
American Rescue Plan: Local Government Funding for Affordable Housing Development
UPDATE: In July 2022, U.S. Treasury and HUD jointly released an “Affordable Housing How-To Guide” here: https://home.treasury.gov/system/files/136/Affordable-Housing-How-To-Guide.pdf. Please consult that document in conjunction with the state law information provided below and in charts here and her … Continued
American Rescue Plan Act of 2021: Local Government Authority to Expend their Allocations
On March 11, 2021, the federal American Rescue Plan Act of 2021 (ARP) became law. There is still a lot to be deciphered in this $1.9 trillion stimulus package; the third such major relief act since the onset of the COVID-19 pandemic. We do know that the law includes substantial aid for state and loc … Continued
TDAs Eligible for PPPs
Translation: Tourism Development Authorities Now Authorized to Borrow Money Through the Federal Paycheck Protection Program A Tourism Development Authority (TDA) is a local government entity that is typically created by a county or municipality to administer and expend local occupancy tax proceeds t … Continued