Asheville Puts $9.5 Million in Federal Funding Toward New Affordable Housing Units

New federal housing law targets NC’s supply shortage

A sweeping new federal housing law aims to chip away at North Carolina’s projected shortage of more than 764,000 homes by encouraging local construction, expanding financing and manufactured housing options, and restricting large institutional investors from purchasing additional single-family properties. The 21st Century ROAD to Housing Act became law on July 11 after passing Congress with broad bipartisan support. The Senate passed the measure…

‘A step forward’: Deep in the new federal housing law, changes to disaster recovery funding are brewing

Although the new law about the Department of Housing and Urban Development’s long-term disaster recovery program leaves key questions open, experts say it moves in the right direction. Read the story on VTDigger here: ‘A step forward’: Deep in the new federal housing law, changes to disaster recovery funding are brewing.

Asheville puts $9.5 million in federal funding toward new affordable housing units

The affordable housing project, the Terrace at River Hills, will get 126 new rental units after Asheville City Council approved $9.5 million in federal Community Development Block Grant – Disaster Recovery funding.

Palm Coast Allocates Almost $350k in Federal Grant Money to Housing Assistance

The Palm Coast City Council on Tuesday approved $350,000 in federal grant money to be used for housing assistance. The money does not come at any cost to local taxpayers, having been granted by the U.S. Department of Housing and Urban Development (HUD). The funds will be distributed as outlined in Palm Coast’s 2025-2029 Consolidated Action Plan. The HUD funding includes $481,889 of Community Development Block Grant Funding. Of that, $299,606 wil…