Category: Finance & Public Private Partnership Tools
Receivership: A New Tool for Addressing Vacant Problem Properties in North Carolina
Municipalities across North Carolina have long employed code enforcement tools to address problem properties and abandoned structures. A prior blog post describes the code enforcement options for repair and maintenance of commercial buildings. A book on housing codes describes the code enforcement o … Read more
Student Corner: The Evolving Role of Universities in Community Economic Development
The role and power of universities in regional economic development is well documented. Research from UNC’s Department of City and Regional Planning suggests that American research universities engaging in economic development missions have directly and positively influenced their surrounding region … Read more
Student Corner: Freddie Mac Pilots a Single-Family Rental Program
In January 2018, Government sponsored enterprise (GSE) Freddie Mac completed its first financing deal as a part of its new single-family rental pilot program, which launched in December 2017. The goal of the pilot program is to provide millions of dollars of financing for landlords and nonprofits to … Read more
The Virginia Creeper Trail: Partnerships Creating Public Value
This past weekend my wife and I took a short trip out to the mountains for our anniversary. Among our activities was peddling all 34 miles of the Virginia Creeper Trail, a beautiful gem stretching from White Top, through Damascus, to Abingdon, Virginia. In 2014, the Trail was inducted to the Rail-to … Read more
Student Corner: Aligning Transit Agencies and Private Developers through Joint Development
As development activity continues to boom nationally and throughout North Carolina, developers continue to find creative ways to create value. One such example would be through working alongside transit agencies to drive private development projects and transit enhancements. The Federal Transit Admi … Read more
Student Corner: Hometown Strong: A Rural Initiative
In the state of North Carolina (NC), 80 out of 100 counties are rural. In fact, among the 10 most populous states, NC has the largest proportion of individuals living in rural areas, ranking second only to Texas. Despite the sizeable rural population, factors that drive density and growth in communi … Read more
Combining Multiple Property Tax Exclusions for Re-Development Projects
In a North Carolina town, a long-vacant historic mill with environmental contamination has sat empty on the edge of downtown for years. The Town has taken action to see the property transformed. Town staff worked through a brownfields process to clear the major environmental problems associated with … Read more
Student Corner: 2017 New Market Tax Credit Allocations in North Carolina
The U.S. Treasury Community Development Financial Institution (CDFI) Fund was created to help CDFIs promote economic revitalization throughout the United States. CDFIs are designed to expand access to capital in underserved communities and the CDFI Fund provides financial assistance and support to t … Read more
Student Corner: Utilizing Program Income and Revolving Funds to Stretch CDBGs
One of the tools that local governments utilize in community revitalization efforts are Community Development Block Grants (CDBGs). This U.S. Department of Housing and Urban Development (HUD) program provides grants to local governments to fund projects such as affordable housing, infrastructure imp … Read more
Environmental Infrastructure Programs under the Omnibus Budget Bill
On Friday, March 23, President Trump signed a $1.3 trillion FY 2018 spending bill that will fund the federal government through September 30. This budget funds several environmental infrastructure programs that help communities pay for crucial services such as water and wastewater. How did those … Read more