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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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Not even David Furman has been immune to the downturn (access required)

Charlotte architect David Furman was inside a room of dozens of developers and builders who city officials had asked to get together to discuss the master plan for uptown. It was the late 1990s, uptown was still growing in starts ...

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Zoning policies had to be built before 1st SRO could (access required)

When David Furman started looking in 2001 for a site for McCreesh Place, he discovered that no other single room occupancy developments existed in Charlotte. Furman, owner of Charlotte-based David Furman Architecture, would go on to spearheaded Charlotte’s first and ...

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Boulevard Gardens to become ‘newer model’ under $140M plan (access required)

Nine months after the Charlotte Housing Authority won a $20.9 million HOPE VI federal grant last summer to redevelop one of the city’s oldest public housing projects, the demolition of Boulevard Gardens is nearly complete. Plans for the redevelopment, dubbed ...

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City’s role in affordable housing questioned (access required)

In Charlotte, affordable housing has lately been at the fore of the “What role should government play?” debate. When voting for bond proposals Nov. 2, residents showed support for the city’s efforts to provide affordable-housing units. But the $15 million ...

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Hurdles remain to plug county’s affordable-housing gap (access required)

According to the Out of Reach 2010 report from Washington, D.C.-based National Low Income Housing Coalition, more than 40 percent of renters in Charlotte cannot afford the fair-market rate for a two-bedroom rental unit. The report says a Charlotte renter ...

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