Tag: development finance
How to Keep the Local Grocery Store Open: A Challenge for NC CED Professionals
Almost 15 years ago, a brief CED blog post highlighted several resources for supporting or attracting local grocery stores, especially ones in rural areas. Much more recently, a CED post highlighted the various ways CED professionals interact with food systems overall. This post brings North Caroli … Read more
CED and Affordable Housing: How Does Manufactured Housing Fit In?
This headline from last week would naturally grab the attention of any CED professional: “Affordable mobile homes are disappearing in Asheville; code change could bring some back.” Housing is a basic issue for anyone interested in CED. Behind the headline are a host of issues that both foster hope i … Read more
Student Corner: Community Development Block Grants – Disaster Recovery Funds (Part 1)
Along the eastern seaboard, the intensity and frequency of severe weather caused by tropical storm systems and hurricanes is expected to increase. Most recently in North Carolina, Hurricanes Matthew and Florence caused severe damage to private property and public infrastructure. As similar storms ar … Read more
Student Corner: Strategies for Creating Mixed-Income Neighborhoods
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 … Read more
Student Corner: Kannapolis, NC: Strategic Vision, Financial Planning, Development
This blog post features a project undertaken by the UNC School of Government’s Development Finance Initiative. The Development Finance Initiative (DFI) was established in 2011 to assist North Carolina communities with achieving their community economic development goals. DFI partners with communitie … Read more
Student Corner: Opportunity Zones at a Local Level
The Opportunity Zone (OZ) program was rolled out this year, creating a new community economic development tool. Prior posts on the CED blog have covered this topic — an overview of OZs can be found here and a discussion of North Carolina’s selection of zones here. This post will discuss how OZs rel … 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
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: 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: On Borrowed Ground: A Ground Lease Primer – Part 2
In Part 1 of this series, the CED blog explored some of the basics of entering into a ground lease. Part 2 will explore on of the more complex aspects of the ground lease structure – the ‘reappraisal’. Additionally, we will explore financing issues, as well as how property sales are reconciled with … Read more