What to do about high housing costs in NC? Here’s what experts and local leaders say.
“But the tax credits are limited. Out of all the proposals submitted to the N.C. Housing Finance Agency, just one in four are accepted. The state agency selects properties based on location, local housing needs and ability to serve the lowest-income tenants, among several other criteria.
The program is not sufficient, Gunter said, in reaching more people at the lower income level below 60%. ‘Reaching down to folks at lower incomes,’ he said. ‘That is going to take more than the Low Income Housing Tax Credit.'”