Posted inHousing

Low income residents need more market-rate apartments

As a graduate student, my income is below Chapel Hill’s median. I pay almost half my income to my landlord. I expect to be priced out of any new apartments in Chapel Hill under consideration in the Blue Hill District. To help cost-burdened tenants like me, I hope the Town Council continues to allow the development of dense new market-rate apartments in this area as quickly as possible.

Posted inHousing

Explainer: LIHTCs in general and in Orange County

The federal low-income housing tax credit (LIHTC) is not well understood, but is responsible for more than $1 billion of new real estate activity in North Carolina each year. Currently the state has more than 1,200 properties containing 70,000 units in almost every county, yet odds are hardly anyone reading this post can name one. How did the […]