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In Alexander County, 17% of households struggle with housing costs, with renters accounting for 33% and homeowners 14%, according to a North Carolina Housing report.
The HOME Investment Partnerships Program (HOME) is a type of United States federal assistance that the U.S. Department of Housing and Urban Development (HUD) provides to states to create decent and affordable housing, particularly housing for low and very low income Americans. [1]
Affordable housing complexes may be somewhat cheaper and have income benchmarks, but in many communities with larger Black and brown populations, finding a stable rental rent has been an issue for ...
Compounded with the effects of the Great Recession, this led to a national housing crisis, with market-rate rents becoming unaffordable to middle- and lower-income families in many major American cities. LISC offices responded to the crisis by working to preserve affordable housing and prevent displacement. [41] [42] [43]
Charlotte Housing Opportunity Investment Fund: More than $50 million was raised for this fund that aims to increase access to affordable housing. Leading on Opportunity: Public/private partnership formed to address the issues around economic opportunity in the region.
Douglas Rice, a program advisor in HUD’s Office of Public Housing Voucher Programs, said HUD sees these high failure rates as a “reason for great concern” and acknowledged that local housing ...
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