North Carolina set to spend $86M on affordable housing

by Leigh Graham · 2009-03-03 06:00:00 UTC
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Now these are the kind of stimulus stories I like:

"Around North Carolina, local housing and redevelopment agencies learned late Wednesday how much they would get from more than $100 million being sent to the state. The bulk of the money, about $86 million, will initially go to the state and then get passed down to local communities in block grants, to pay for homelessness prevention and to help companies build affordable housing.

..."I'm absolutely delighted," said Steve Beam, executive director of the Raleigh Housing Authority, which will receive $4.2 million - about twice his normal yearly allotment for renovation projects. "It's going to allow me to jump ahead almost two years on our five-year capital plan."

Those are my emphases. Think about that: the ability to make two years of capital improvements in public housing just like that. That's the kind of investments we need to reverse the dangerous physical deterioration we fret so much about in public housing. Some of the money here will upgrade elderly housing. I've seen where my disabled older aunt lives outside of Boston and can imagine the good uses for this money in North Carolina.

Homelessness blogger Shannon used to work in North Carolina homeless services. Hopefully she'll weigh in with some insider info on this development?

(Photo by James Wiilamor of Charlotte, NC housing construction)

Leigh Graham
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