The supply of affordable senior rental housing is a growing concern across North Carolina.  The source of this problem is linked to North Carolina’s growing senior population and a rising overall demand for affordable rental housing. As mentioned in a previous blog post, by the year 2050, according … Read more

As the CED blog ends its series celebrating the 50th anniversary of HUD (previous posts can be found here and here), it is only fitting that this post focuses on one of HUD’s newest, and perhaps one of its most radical, programs: Rental Assistance Demonstration (RAD). The RAD program serves a simple … Read more

Every year the North Carolina Housing Finance Agency (NCHFA) reviews the Qualified Allocation Plan (QAP) that describes the selection criteria for developers submitting projects for Low-Income Housing Tax Credits (LIHTC). LIHTC credits provide developers the ability to feasibly develop affordable ho … Read more

In recognition of the Department of Housing and Urban Development (HUD)’s 50th anniversary, the CED blog is highlighting a couple of HUD’s newest programs that cities can use to help spur revitalization in distressed neighborhoods. One of these programs is Choice Neighborhoods. Choice Neighborhoods … Read more

Every year the North Carolina Housing Finance Agency (NCHFA) awards applicants with Low-Income Housing Tax Credits (LIHTC) – the most important resource for creating affordable housing in the United States today. The NCHFA uses federal and state funds to produce affordable housing by partnering with … Read more

Community and economic development professionals are careful in monitoring the economic health of their communities. Economic growth is heralded; economic stress is cause for concern. One of the current issues in national public policy conversations is the growth in economic inequality, especially c … Read more

If you were to Google micro-apartments, articles about innovative projects in Seattle, Washington D.C., Boston, San Francisco or former Mayor Michael Bloomberg’s plan to solve the housing crisis in New York top the list. Seattle alone has 780 units already approved for occupancy and about 1,600 more … Read more

In “Public Schools and Economic Development: What the Research Shows” (2004), Jonathan Weiss demonstrates the increasingly important role that public schools play in an area’s economic development. As businesses consider expanding or relocating into various communities, they look at the level of qua … Read more

Previous blog posts have looked at how communities can redevelop historic properties through the creation of public-private partnerships as well as how IRS rules affect the allocation of historic rehabilitation tax credits to investors in redevelopment projects. This blog post explores what happens … Read more

North Carolina law offers a variety of exemptions, exclusions, and appraisal benefits for property used to provide housing for low- or moderate-income residents. Here is a quick summary of those special rules with links to the full statutes and to more-detailed blog posts on related issues. Exemptio … Read more