Tag: low-income housing
Revisiting the Community Land Trust: An Academic Literature Review
Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiri … 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
Revisiting the Case for Affordable Housing Four Years Later: Reminder of Value of BLS Salary Data When Understanding Affordable Housing
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 … 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
It’s How Much?! Cost of Living Data for NC Counties and Select Cities
North Carolina communities are undergoing rapid economic change at different rates in different parts of the state. Issues such as affordable housing, appropriate rate levels for public services, costs of commuting and wage growth (or stagnation) are now key for CED officials, whether your communit … Read more
Hidden in Plain Sight
Mobile homes are a vital but generally unloved part of North Carolina’s affordable housing stock. They come to public attention in times of extreme weather, particularly high winds and floods. Their condition and location make them especially vulnerable to damage, and often their occupants – the eld … Read more
Student Corner: 4% LIHTC Use in North Carolina’s Triangle Region
A Brief Introduction to the 4% Low-Income Housing Tax Credit Development of low-income housing in the United States continues to be a challenge for local governments, affordable housing developers, and policy advocates. Institutional, market, and financing obstacles are all barriers to increasing th … Read more
Student Corner: Boosting LIHTC: Difficult Development Areas & Qualified Census Tracts
The Low-Income Housing Tax Credit (LIHTC) program was designed to encourage the private development of affordable rental housing in the United States. (If you are new to LIHTC, check out the CED blog’s primer on low-income housing tax credits before proceeding.) But even with the dollar-for-dollar … Read more
Student Corner: Neighborhood Revitalization Strategy Areas
The Neighborhood Revitalization Strategy Area (NRSA) designation was established by the U.S. Department of Housing and Urban Development (HUD) in 1995. The intent of the program is to address economic development and housing needs within economically disadvantaged communities. To achieve NRSA status … Read more
Student Corner: Interim Evaluation of HUD’s Rental Assistance Demonstration (RAD)
RAD, or the Rental Assistance Demonstration program administered by the U.S. Department of Housing and Urban Development (HUD), may not be as radical in its approach to preserving low-income housing as its acronym suggests, but an interim evaluation of the pilot program indicates it shows promise. T … Read more