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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

Student Corner: Community Ownership as a Tool for Preservation and Wealth Creation

September 9, 2021

Real estate ownership is one of the primary vehicles for wealth creation in the United States, and consequently one of the core drivers of the racial wealth gap after generations of disinvestment in and displacement of BIPOC communities. Andre Perry, senior fellow at Brookings Institution and author … Continued

Student Corner: The Impacts of Upzoning on Property Values in NC

September 1, 2021

The Brookings Institute recently published an article detailing some of the benefits and drawbacks of the planning practice known as upzoning: the rezoning of a parcel of land from a lower allowable density to a higher one. One of the primary purposes of upzoning is increasing density, both of resid … Continued

Student Corner: Building up the “S”: How Municipalities and Real Estate Developers Can Find Common Ground for Social Equity

August 10, 2021

Sprawled on roughly 40 acres in Charlotte, N.C., The Renaissance is the first Purpose Built Community in the Queen City. Its purpose: be more than a housing option. Developed by Laurel Street Residential in 2016 on behalf of the Charlotte Housing Authority (Now InLivian), The Renaissance offers crad … Continued

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

Growing Together: Utilizing Live-Work to Enhance Our Communities

May 18, 2021

Prior to suburban flight, living in urban centers was commonplace, and business owners often lived in their commercial properties. Commonly referred to as live-work units, architect Thomas Dolan defines live-work as “a building, unit, or compound in which residential and work activities are pursued … 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