In 2014, 75% of homes in our area were priced under $300,000. A decade later, that percentage has plummeted to just 19%. UNC Charlotte’s 2024 State of Housing Report report highlights a crisis that threatens the stability of families and the generational wealth tied to homeownership. Critical home repairs, the very services RTGC provides, are key to addressing the affordable housing crisis here in the Greater Charlotte area.
Read MoreMillions of people across the U.S. live in places falling into disrepair, even becoming uninhabitable, making a massive shortage of affordable housing worse. They are disproportionately lower-income and Black or Hispanic, and many are seniors on fixed incomes. NPR highlights the work of Rebuilding Together Montgomery County as it focuses on the need for critical home repair.
Read More“Such a significant increase to the cost of homeowners insurance would leave countless neighbors uninsured and at risk of losing everything,” said Beth Morrison about the proposal from the NC Rate Bureau. The public has until Feb. 2 to submit comments to the NC Department of Insurance.
Read MoreCorporate-owned landlords are buying up more single-family homes in Sun Belt cities like Charlotte, which expands an affordability gap among Black households. Institutional investors often resort to predatory tactics as landlords, including higher eviction rates, hidden fees, aggressive rent increases and embracing gentrification to increase long-term profits. From The Charlotte Post.
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