Affordable Housing

The city of Charlotte said Monday that the Peebles Corp. financials for Brooklyn Village are "challenging."

The Trump administration froze funding for a program to upgrade aging low-income housing and make it energy efficient. The move threatens hundreds of projects around the country.

“People are operating from a sense of fear … especially when it comes to Diversity, Equity and Inclusion” is how author and journalist Clint Smith describes the climate in America. Smith, who wrote the bestseller, "How the Word Is Passed: A Reckoning with the History of Slavery Across America," talks to WFAE's Gwendolyn Glenn about the important role history plays in understanding today's America.

Charlotte will be at the center of the professional golf world in May, when Quail Hollow Club hosts the PGA Championship. The city is expected to get an economic boost as golf fans flood hotels and restaurants. WFAE's Marshall Terry and The Ledger's Tony Mecia discuss this local business news, and more, on this week's BizWorthy.

The Peebles Corporation plans to build fewer apartments in the first phase of the Brooklyn Village development. But all of them would be affordable housing.

Rents were on track to decrease before the storm, but the future is uncertain as the average worker needs at least $23 per hour to afford to live in Buncombe County, one study finds.

A rundown motel in west Charlotte is closing this week after the city deemed it unsafe. About 70 residents had to find new homes quickly. That’s a tall order in a city that has a shortage of affordable housing. The city has put together a team with the help of several nonprofits to assist people in mass displacement situations like this.

Last month, Charlotte-Mecklenburg Schools unveiled a new plan to help link teachers to affordable housing. Administrators hope it will help retain and recruit new teachers amid statewide shortages.

Frequently in BizWorthy, we’ve heard about how churches are presenting new real estate opportunities. One such case is in Elizabeth, where Caldwell Presbyterian Church is turning part of its property into apartments for the chronically homeless.

Maryland's Montgomery County is building mixed-income apartments in which people who can afford to pay market rate allow other renters to pay less. Cities and states nationwide are taking up the idea.