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American Rescue Plan: Local Government Funding for Affordable Housing Development

June 1, 2021

The federal American Rescue Plan Act of 2021 (ARP) established Coronavirus State and Local Fiscal Recovery Funds (“FRF”), which will be distributed to state and local governments for the purpose of responding “to the public health emergency with respect to the Coronavirus Disease 2019 (COVID–19) or … Continued

Revisiting the Case for Affordable Housing Four Years Later: Reminder of Value of BLS Salary Data When Understanding Affordable Housing

April 21, 2021

In 2017, a CED blog post asked if wages in different parts of the state were sufficient to sustain a person who wants to live and work there. For example, in 2016, nursing assistants in Goldsboro earned $11.83 an hour (median wage) for a mean annual salary of $24,610. Things have improved in terms o … Continued

How should we measure North Carolina’s affordable housing crisis?

April 12, 2021

How much should North Carolina families pay for housing? Affordable housing experts generally agree that housing costs should not exceed 30% of a household’s annual income. This payment standard is applied to nearly every major housing program, including public housing, housing choice vouchers, and … Continued

How buy-to-rent investors are changing North Carolina neighborhoods

November 12, 2020

In 2018, nearly one in five “starter homes” – or houses priced at the bottom third of the local market – were bought by investors rather than prospective homeowners. While investors take many forms such as “flippers” or owners that turn properties into Airbnbs, a growing cohort of companies are resh … Continued

Can an HOA revitalize a neighborhood?

September 24, 2020

Common interest communities and homeowners associations (HOAs) – love them or leave them, they have become quite common. The Foundation for Community Association Research, which supports the Community Associations Institute, found that 61 percent of new housing built for sale is located within a com … Continued

Evicted in a Pandemic

July 9, 2020

Even in the best of times, evictions are all too common and generate excessive public costs – but COVID-19 has brought the crisis to a boiling point. In recent months, housing security has not received the same degree of public attention as employment and health, though these issues are inextricably … Continued

The Community Reinvestment Act & LIHTC: How changes in the banking sector could affect affordable housing

October 3, 2019

Over the past few decades, the Low-Income Housing Tax Credit (LIHTC) has become the nation’s most important policy to incentivize the creation of affordable housing. LIHTC, administered in North Carolina through the North Carolina Housing Finance Agency, allocates credits to private developers who t … Continued

Household Overcrowding in North Carolina: A Look at the Data

August 15, 2019

For community developers and housing advocates, household overcrowding has long been a key concern. Across the country, housing needs assessments often list overcrowding as an economic outcome, an indication that affordable housing supply is unavailable. That is, individuals are forced to cohabitate … Continued

Strategies for Creating Mixed-Income Neighborhoods

August 6, 2019

Durham County hired the Development Finance Initiative (DFI) in 2017 to help redevelop two county-owned parcels in downtown. Though currently serving as surface parking for county employees, the two sites are located adjacent to recent high-end residential development, government and institutional s … Continued

CED and Planning vs Income Inequality Part 1: When Communities Pay the Price

April 16, 2019

Income inequality is not a new issue for CED professionals. In November 2011, the Federal Reserve Board of San Francisco devoted an issue of its publication, Community Investments,to how income inequality was impacting community development. A Federal Reserve Board governor is quoted in the report, … Continued