Wake County is growing by 63 people a day, and Wake County Commissioners are meeting with Habitat for Humanity and other nonprofit groups to address a lack of affordable housing, according to Raleigh’s News & Observer in recent news reports and the attached lead editorial published March 21, 2016.
As noted in the editorial, “[t]his chronic problem has been growing in Wake, a strange and painful conundrum as condos and new developments with homes in high hundreds of thousands of dollars range are going up, particularly in Raleigh. Left behind are veterans trying to start their civilian lives and working people with lower incomes who have a serious challenge in trying to find homes they can afford to rent or buy.”
Ellinger Carr applauds Wake County’s leadership to address this urgent need and continuing challenge here in our community. Susan Ellinger and our firm have been honored and privileged to serve as legal counsel to the City of Raleigh in support of its ongoing affordable housing and community development activities for many years, including the current work of the City’s Housing and Neighborhoods Department.
Our firm is also proud to sponsor the work and mission of the Community Affordable Housing Equity Corporation (CAHEC, www.cahec.com) and the North Carolina Housing Coalition (www.nchousing.org) and their work to seek new investment in and to secure safe, affordable housing for families, seniors and persons with special needs, including transitional housing for homeless persons and families.
Ellinger Carr provides counsel in matters relating to affordable housing, subsidized housing, community development, tax credits for affordable housing, historic rehabilitation, and renewable energy, bond financing, land use, zoning and municipal law matters. The firm’s lawyers represent developers, investors and lenders in matters involving nonprofit entities, partnerships, limited liability companies, and housing authorities throughout North Carolina and South Carolina and elsewhere in the United States, from New York to Florida, and in the Gulf Coast in public-private alliances and partnerships, including new multi-family housing built in the recovery from the devastation of Hurricanes Katrina and Rita. We also serve and advise executive directors of housing authorities in the Carolinas and nationally.
Ellinger Carr lawyers are serving in all types of contract negotiation matters, commercial real estate development, tax credit equity investments, commercial and residential leases, negotiations with local, state, and federal agencies, including North Carolina, South Carolina and other states’ housing finance agencies, cities and counties, the U.S. Department of Housing and Urban Development, and the Internal Revenue Service.
The firm also has extensive experience in HOME loan financing and regulations, HUD loan programs, Federal Home Loan Bank financing, municipal bond financing of affordable housing, community development block grants, legislation, procurement, HOPE VI, and other state and federal financing sources of affordable housing and community development.
