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Construction and Real Estate

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Charlotte Housing Authority nets tax credits of $42M (access required)

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.

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For Bothell parks, housing bust means more forest (access required)

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.

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