SB 445 would help housing affordability in NC
The bill comes at the right time. North Carolina is expected to reach a housing shortage of 764,000 units by 2029, and affordability has declined in all 100 counties.
The bills address gang violence, involuntary commitment, housing affordability, and state employee benefits — issues supported by lawmakers in both parties this session.
NC House Finance Committee advances property tax amendment for levy limits and tighter affordable housing exemptions.
Bipartisan legislation would create a revolving loan fund to help nonprofit developers cover infrastructure costs for affordable housing projects.
The pause reflects broader tensions in NC over housing, growth, and property rights. Cities such as Durham, Raleigh, and Charlotte continue to see population growth and rising housing costs.
There's a much easier and cheaper way to make housing affordable: stop trying to control the process and let the market create the housing it needs.
Allowing more small homes, speeding up approvals, and prioritizing thoughtful, pro-community housing would make paychecks go further and help people stay in the communities they love.
The proposed constitutional amendment limits annual taxable value increases on primary residences to the lower of 3% or CPI, and the total increase to 20%.
In the wake of Hurricane Helene, the NC Dept of Commerce has received over 1,000 applications for single-family housing.
In Charlotte, researchers found no notable difference in home price appreciation between zones for only single-family detached homes and light-touch density infill zones.
Permitting and inspection fees can add anywhere from $10,000 to $20,000 to a home. Large developers are much more equipped than local builders to absorb and manage these costs through scale and volume.
According to a housing study commissioned by NC REALTORS®, NC Chamber Foundation, and NC Home Builders, NC needs more than 760,000 additional homes by 2029.