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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...

Council to take final vote Monday on north Cheyenne affordable apartments | Local News

CHEYENNE – It has been a tumultuous couple of months for a tidy suburban neighborhood in north Cheyenne . Residents of The Bluffs started hearing about the affordable apartment complex planned for their western border near Converse Avenue in mid-spring. They got a presentation from Summit Housing Group at Anderson Elementary School , which sits in the northwest corner of the neighborhood, not long afterward. By most accounts, things became heated pretty quickly . “We tried to explain the project to community,” Summit senior project manager Sam Lang said. “But they just said, ‘We don’t want this.’” A similarly passionate Cheyenne Planning Commission meeting followed July 5. Commissioners’ attempts to explain their reasoning for recommending approval of rezoning and the importance of having affordable housing in the community came off to many in the crowd of Bluffs neighbors as politically correct nonsense . Similar concerns persisted in City Council committee meetings , though t...

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 ...

Affordable-housing units planned near Smokies Stadium | News

SEVIERVILLE -- One proposed development consisting of 96 units in Sevier County made it through the application process to become a project in the state's 2017 Low- Income Housing Tax Credit program . It was the only proposed project in Sevier County to make the list, which included a special Sevier County disaster relief category . The project will bring 96 apartments to Lenz Drive, which is located near Smokies Stadium. The LIHTC program, which is administered by the Tennessee Housing Development Agency , scores and ranks initial applicants across the state. Glade Pointe was the only Sevier County project included on the rankings list released on Aug. 17 by THDA officials. A memorandum released late Thursday identified 22 projects across the state as finalists and said that "reservation notices will be issued as soon as possible" and that "underwriting is still underway." The 96- unit Sevier County apartment complex on the Aug. 17 list is identified ...

Seeking to meet demand, city expands tax exemption for multifamily housing

Hoping to tie a surging demand for more apartment units in Spokane with a desire for density, the Spokane City Council approved changes to a city tax law this week aimed at spurring construction of more multifamily housing structures . The changes to the Multiple Family Housing Tax Exemption expand the boundaries where the exemption can be used, and aligns the boundaries with land identified by the city to be prime for denser development. The changes also increase the income levels required under the exemption. “This will help us to continue building the city from the core out,” said Councilwoman Candace Mumm . The exemption applies to the construction or rehabilitation of a building that has four or more living units. Under the exemption, the land is fully taxed, but any new improvements related to housing are exempt from property taxes. After the exemption ends , taxes are paid on the property’s full value. The exemption stays with the property even if it’s sold. There are many ...

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 ...

What's that? Yes, it's ANOTHER planning application for more new homes in Cranleigh

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The sleepy village of Cranleigh could see yet more housing developed there if plans for another 119 new homes are approved by the council. A fresh planning application for the new settlement, off Horsham Road, was lodged with Waverley Borough Council earlier this month August. Prior to the latest application, developer Crest Nicholson had already been granted permission for 149 homes to be built in the first phase of another development. Permission for the first phase of the scheme, also off Horsham Road, was approved in January 2016. Read More The first application received 183 objections but residents opposing the latest proposal would have to submit new objections against this specific phase. Campaign groups and residents previously raised concerns about the strain on traffic on the already busy A281 if the development went ahead. In its planning statement, Crest Nicholson highlighted the range of homes that would be built. The statement read: "The scheme seeks to p...