WASHINGTON – When the U.S. housing bubble peaked a decade ago, soon to burst with far-reaching consequences, the pain was particularly severe for black and Hispanic Americans. A disproportionate number of minorities succumbed to subprime mortgages and foreclosures and lost ...

Tagged with: affordable housing

Homes are priced higher than ever before in more than a quarter of U.S. housing markets. This results from steady home value growth in recent years, which allowed many housing markets to eclipse previous records set during the housing bubble, ...

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LANSING, Mich. (AP) — The federal government has approved Michigan’s $74.5 million plan to help homeowners statewide avoid foreclosure and eliminate blight in Detroit and Flint. Approval of the Michigan State Housing Development Authority’s plan by the U.S. Department of ...

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The Charlotte City Council is struggling to determine what, if anything, the city should do to ensure housing remains affordable at a time when the apartment market is booming, but driving rents to prices not everyone can afford. The issue ...

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The town of Davidson, one of only three N.C. municipalities obligating residential builders to either construct affordable housing in their projects or pay a fee, wants to fine-tune its program to better meet residents’ needs. The town plans to hire ...

Tagged with: affordable housing Davidson

NEW YORK (AP) — New York City has taken a big step toward a new zoning plan that would create more affordable housing. The City Council has secured concessions from the administration of Mayor Bill de Blasio. More details are ...

Tagged with: affordable housing New York City

BOSTON (AP) — Unions representing construction workers in Boston have agreed to work for lower pay on projects that will provide more affordable rental housing. The Metropolitan Building Trades Council, which includes plumbers, painters, and electrical workers, is setting up ...

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ASHEVILLE, N.C. (AP) — A planned apartment complex in Asheville will make it easier for new teachers to find housing in a city where affordable housing can be hard to come by. The Asheville Citizen-Times reports that the project which ...

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Latinos, the fastest-growing segment of North Carolina’s population, face a range of obstacles when it comes to finding affordable housing, according to a recent report by researchers at the University of North Carolina at Chapel Hill. According to “The State ...

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The Charlotte City Council this week unanimously voted to approve the sale of a 3-acre parcel in uptown near Interstate 277, the proceeds of which will pay off debt on the NASCAR Hall of Fame. Atlanta-based Pollack Shores Development will ...

Tagged with: affordable housing N.C. Housing Finance Agency