Foreclosure rates in the Charlotte-Gastonia-Rock Hill area increased in October to 3.49 percent of outstanding mortgage loans from 2.38 percent the same month in 2010, Santa Ana, Calif.-based CoreLogic said last week.Read More »
The Charlotte Housing Authority secured two low-income housing tax credit deals worth $42 million this week. The money was from the U.S. Department of Housing and Urban Development’s Capital Fund Financing Program. The funding is earmarked for the rehabilitation of two existing senior properties, Strawn Tower and Parktowne Terrace.
Tagged with: Charlotte Housing AuthorityRead More »
Demand for apartments is high in Charlotte. So when Michael Shaheen decided to build a new complex in west Charlotte he figured interest in financing the project would be a slam dunk. Instead, it seems to be more of a brick.Read More »
From the freeway, it looks like just another patch of woods ripe for new housing development once the economy revives. From the air, the forested stretch along I-405 reveals itself as part of a green ribbon buffering an active salmon creek. The appearance of a "sold" sign in mid-December marked a 35-acre patch of western red cedar, western hemlock and Douglas fir as property of the city of Bothell.
Tagged with: Associated PressRead More »