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Charlotte Housing Trust Fund could run dry soon

Charlotte’s biggest source of funding for affordable housing projects could soon run dry, as a City Council committee voted Wednesday to move forward with its biggest-ever round of new projects. It’s the latest step in the city’s push to create or preserve 5, 000 affordable housing units over three years, a goal City Council voted to adopt in the wake of the Keith Scott shooting and subsequent unrest last year. City staff said Wednesday that the city is almost halfway to that goal, though the total includes rehabilitated residences and down payment assistance for homebuyers, in addition to brand-new affordable units . The allocations from Charlotte’s Housing Trust Fund that the committee voted to move forward with Wednesday will provide financing for 769 new, income-restricted apartments in five buildings, though the projects also need approval for federal low- income housing tax credits . The aggressive approach to spending could build more apartments faster, but it will leave...

Reno rent market at record-high prices, near-zero vacancy

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Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City. (Andy Barron/The Reno Gazette-Journal via AP) Photo: Andy Barron, AP / The Reno Gazette-Journal" class="landscape" /> residential development during the recession gave birth to a classic supply-and-demand scenario that saw the cost of housing skyrocket in the Biggest Little City. (Andy Barron/The Reno Gazette-Journal via AP) Photo: Andy Barron, AP / The Reno Gazette-Journal" class="landscape" src="src" /> Damonte Ranch area is a sign of the city's need for housing in Reno, Nev. The recent influx of new workers combined with near-zero residential development during the recession gave birth to a classic supply-and-demand scenario that ...

Crunching numbers on Hattiesburg's budget

HATTIESBURG, MS (WDAM) - January's tornado, poor documentation and other issues are causing city officials to crunch numbers, quickly, to close 2017's budget before moving forward. Interim Chief Financial Officer Connie Everett said her assessment of Hattiesburg's finances indicates that FY 2017 has been a difficult year . "I am concerned, obviously," Everett said.  "I don't think it's exactly critical, but it does bear close watching ." Everett said the January tornado set the city back by over $4 million and the recovery is not yet complete.  With insurance and FEMA reimbursements, the city has received about $2.4 million to date. "It's not something that happens right away," said Everett. Everett said there are still three majors structures in Hattiesburg that need to be rebuilt, with other locations needing upgrades and improvements.  Everett said she believes those reimbursements will continue, but the city may not see the...

Hundreds more apartments going up soon in Cleveland TN

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FOR MORE INFORMATION What: Brookes Edge Apartments Where: 3925 Adkisson Drive , Cleveland, Tenn. Contact: 423-244-0418 Online: www.brookesedge.com Owners of the hilltop Brookes Edge apartment complex in Cleveland announced Thursday that the third and final phase of construction will commence this fall, taking Brookes Edge to just shy of 400 total units. The complex's owners, Ohio- based Shumate Development , also announced plans to build a second set of apartment homes nearby on Paul Huff Parkway . Melanie Wickman, community manager at Brookes Edge, said the Adkisson Drive complex has stayed consistently full since the first set of 180 apartments went up for rent in November 2013. She said Brookes Edge maintains a nearly 100 percent occupancy rate . "We're just trying to keep up with the apartment demand in Cleveland," Wickman said. "It's growing leaps and bounds." Brookes Edge offers resort -style living, with one- to two- bedroom apartments ...

A beacon for community | Local News

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As Sister Christina Heltsley led families on a tour of an affordable housing apartment building in the North Fair Oaks neighborhood last month, she couldn’t help but reflect on the growing gap between the number of affordable homes on the Peninsula and the need she witnesses daily as executive director of the St. Francis Center , a nonprofit serving families in a low- income neighborhood just outside Redwood City. Dubbed the St. Leo’s Apartments, the project and others aimed at preserving affordable housing have been a focus for Heltsley in recent years, marking a shift in the strategy her nonprofit employs to meet the needs of families in the area bordered largely by Caltrain tracks to the east and Woodside Road to the north. Francis Center " class="img-responsive lazyload full" width="1600" height="1067" /> Sister Christina Heltsley has helped the St. Francis Center , a nonprofit aimed at providing resources for the North Fair Oaks ...