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Student Corner: Primer on Low-Income Housing Tax Credits: 2015 North Carolina Qualified Allocation Plan

November 5, 2015

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 … Continued

Student Corner: So what’s the big deal with Micro-apartments?

September 10, 2015

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 … Continued

Special Property Tax Rules for Affordable Housing

May 19, 2015

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 … Continued

Student Corner: Leveraging anchor institutions: A new land bank model in Chapel Hill

April 16, 2015

Across the country, local governments are increasingly embracing land banking as a key strategy to catalyze and control the revitalization of their vacant and abandoned properties. As described in this post on the CED blog, North Carolina local governments can cobble together the statutory authority … Continued

Student Corner: CDFIs and Affordable Housing

February 5, 2015

This post is part of our series on North Carolina CDFIs. CDFIs are financial institutions that expand access to capital in low-wealth and underserved communities in order to foster economic development and revitalization. See previous posts in the series: an overview of the role of CDFIs in North Ca … Continued

Student Corner: The Potential of Micro-Housing to Expand Affordable Housing Options

December 11, 2014

A coalition in Greensboro is spearheading a campaign that would bring a relatively recent innovation in permanent supportive housing to North Carolina. An outgrowth of the increasingly popular tiny house movement, the development of multiple, standalone units connected to specialized services is gai … Continued

Student Corner: Affordable Housing: A Look at Programs in two of North Carolina’s Fastest Growing Cities

October 2, 2014

Summer 2014 saw increased attention paid to the issue of housing affordability in America with reports by Harvard’s Joint Center for Housing Studies, the National Low Income Housing Coalition (NLIHC) and the New York Times highlighting the squeeze low and middle income households face from ever-incr … Continued

Student Corner: Land Banks in Action: Fulton County, Georgia

June 12, 2014

A previous post by Tyler Mulligan explained how local North Carolina governments can utilize land banks to address vacant, abandoned, and tax foreclosed properties in their community. Another post provided a case study of the Genesee County Land Bank Authority in Genesee County, Michigan. This post … Continued

Student Corner: Tackling Blight & Vacancy: An Update on Durham’s Demolition Lien Program

May 22, 2014

In 2010, you might have read a post on our blog regarding tools available to local governments for dealing with foreclosures. The economic crisis resulted in a record number of foreclosures in North Carolina, leaving vacant properties in its wake. Four options available to local governments to tackl … Continued

Student Corner: Mixed Reviews — A Retrospective of Durham’s HOPE VI Revitalization Project

May 15, 2014

In August 2000, The Durham Housing Authority (DHA) in partnership with The Community Builders (TCB) received a $35 million HOPE VI grant from the Department of Housing and Urban Development (HUD) to revitalize Few Gardens, a public housing development located in Northeast Durham. The purpose of the … Continued