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Housing Call: January 25, 2022

Federal updates

  • President Biden confirmed that a scaled-back version of Build Back Better will be needed for the package to advance and he plans to prioritize components that are supported by all Senate Democrats. Last week, Senator Manchin said that he’s open to re-starting negotiations but from a blank slate. Parts of the bill that do not make it into a re-imagined version could be repackaged into stand-alone bills, which would require support from all Senate Democrats and at least 10 Senate Republicans. We are hearing that housing is not included in the current set of priorities for a reformulated package. It’s critical for advocates to continue urging members of Congress to protect affordable housing investments as part of any reconciliation bill.
  • This week, HUD’s Office of Housing Counseling finally announced the FY21 Comprehensive Housing Counseling Awards, including $2,072,154.00 for North Carolina-based agencies.


State updates

  • The North Carolina Housing Finance Agency (NCHFA) has received preliminary applications for the 2022 Housing Credit (LIHTC) cycle. The Agency received 127 preliminary 9% applications from 52 counties (118 new construction and 9 rehabilitation). 17 tax-exempt bond applications were also received. The list of 2022 Preliminary Applications is available on NCHFA’s website.
  • The City of Durham is taking applications for emergency rental assistance with the help of Legal Aid-NC. The Durham Rent Relief Program provides up to 18 months of rental and utility assistance to City of Durham residents who have experienced financial hardship due to the COVID-19 pandemic. Assistance is available on a first-come, first-served basis until funding runs out.
  • Raleigh-based Greystone Affordable Development and Charlotte-based Urban Trends Real Estate Inc. plan to develop Eastway Crossings, a $28.9 million affordable housing LIHTC community located on Charlotte’s east side. The community will offer apartments for senior residents aged 55 years and older with household incomes at or below 60 percent of the area median income (AMI): Greystone, Urban Trends to Develop $28.9M Affordable Housing Project for Seniors in Charlotte | ReBusiness Online
  • OFFSITEK, a Charlotte-based integrated construction company, is using robots, steel and creative partnerships with local municipalities to develop affordable homeownership options: OFFSITEK partners with Charlotte-area municipalities to deliver affordable housing using robots and steel | The Mountaineer



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Housing Call: January 18, 2022

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