Title:
Strategies for Affordable Housing Development
Summary
ACTION:
Receive a presentation based on the Charlotte-Mecklenburg Strategies for Affordable Housing Development Report
Staff Contact: Stacy M. Lowry, Community Support Services Director
Presentation: Yes
BACKGROUND/JUSTIFICATION:
This report, part of a series prepared by the Urban Institute at the University of North Carolina at Charlotte, is designed to better equip the community to make data-driven decisions around housing instability and homelessness. The report highlights two challenges: the financial feasibility of development and how to ensure long-term affordability of units, and offers recommendations to address the challenges.
Affordable housing is an asset that reduces homelessness and its high associated costs including over-utilization of emergency rooms, erratic school attendance for children, and erratic employment for their parents.
PROCUREMENT BACKGROUND:
NA
POLICY IMPACT:
NA
FISCAL IMPACT:
NA