Erin Wynia of the NC League of Municipalities discusses the state’s housing crisis
North Carolina is in the midst of an affordable housing crisis. With a fast-growing population – particularly in urban areas – this problem has been present for years, but it’s grown appreciably more dire since the onset of the pandemic, with the median price of a home shooting up 25 percent just since 2021. Recently […]
Mortgage rates are stabilizing but that may not be enough to help house hunters
Home prices are cooling off and mortgage rates fell last week, but the fallout from recent bank closures could continue to make it hard for some Americans to buy homes, economists say. Mortgage rates fell to 6.32% for a 30-year fixed rate mortgage, Freddie Mac data released on Thursday shows. Last fall, the 30-year fixed […]
Homelessness and the First Amendment on trial in Asheville
City draws fire for its treatment of unhoused population and arrest of journalists attempting to cover police sweep of city park It was Christmas night, so Veronica Coit hadn’t expected to stay at Aston Park for long. They had come to bring their colleague, Matilda Bliss, a plate from dinner: turkey, sweet potato- and green bean-casseroles, collard greens and a slice of pie.
NC legislators find yet another vulnerable group to get tough on: homeless families
Homelessness. It takes many forms in modern North Carolina – some familiar, some less so. For several thousand families, it means double-bunking or “couch surfing” with friends or relatives for an extended period. For a tragic number, it means living in a vehicle or even camping out in tents, shanties, parking garages, and downtown doorways, under highway overpasses, or on park benches.
Democratic governors pitch federal funds for housing, clean energy
Roy Cooper joins peers from Maryland, Colorado, Minnesota and New York at D.C. event WASHINGTON — Using the recent influx of federal funds to expand state and local clean energy infrastructure, affordable housing and workforce development will pay long-term dividends, a group of Democratic governors and mayors said Wednesday at an event hosted by a […]
Voters embraced affordable housing initiatives. Advocates say Congress should do the same.
Bond referenda successes in Buncombe County and Charlotte seen as emblematic of growing national support Voters in Colorado approved a statewide affordable housing initiative in November; while voters in nine communities across the country (including two in North Carolina) OK’d measures to finance the construction of affordable housing, preserve existing rental properties and support renters. But as housing costs soar, analysts and advocates say more needs to be done and argue that federal action is needed.
How the fight for tribal rights in North Carolina could reshape Native Hawaiian housing
Hawaii Sen. Brian Schatz is trying to cut a last minute deal that could bring tens of millions of dollars in new funding to the islands for Native Hawaiian housing. WASHINGTON — As Congress prepares to wrap up work for the year, Hawaii Sen. Brian Schatz is looking to cut an ambitious deal that could pump tens of millions of dollars of new money into Native Hawaiian housing for at least the next decade.
4 takeaways on housing in light of Thursday’s inflation report
Housing costs, including rental prices, are on the path to stabilizing but evidence of this won’t show up in inflation measures anytime soon, economists say. The latest Consumer Price Index numbers, which are used to measure inflation, came out Thursday morning and showed a notable easing. But the survey used to measure shelter, a large […]
As rural homelessness increases, HUD aims money at helping people without access to shelters
The Department of Housing and Urban Development has opened up millions of dollars in funding for groups serving unhoused people in rural areas — an unprecedented move by the agency, say housing advocates. People living in cars, parks, and on the street at night, which the agency labels unsheltered homelessness, has increased across the nation, […]
Home ownership and the “American Dream” are crushed by Real Estate Investment Trusts
A big economic division between renters and homeowners is apparent when looking at net worth: For homeowners, the median net worth of $231,400 is about 44 times the median net worth of renters, which is $5,200. Dr. Ken Chilton of Tennessee State University has studied the impact of Real Estate Investment Trusts on the housing […]
Monday numbers: Chapel Hill’s plan to build offices and housing atop a coal ash disposal site
In the 1960s and 1970s, when coal was still king, the UNC power plant in Chapel Hill generated millions of tons of ash, the byproduct of burning the fuel for energy. Some of that ash had to go somewhere, and that somewhere was 828 Martin Luther King Blvd. on the north side of town. In 1980, the town unknowingly built its police headquarters on that property. But not until 2013 did town officials realize that ash was present.
‘Sitting on a time bomb’: Mobile home residents at risk in red-hot housing market
WASHINGTON — Jon Zang walks his dog several times a day in his mobile home community in West Goshen Township, Pennsylvania. It’s quiet, as most of his neighbors are at work. But he often wonders how many more walks he and his bulldog mix, Ladybug, will have down the streets of the place he’s called home for 21 years. “We’re literally sitting on a time bomb that we’re sure is going to go off at some point, but we don’t know when,” Zang said.