Posts Tagged ‘low-income housing’

Special Property Tax Rules for Low-Income Housing

Monday, June 29th, 2015

North Carolina law offers a variety of exemptions, exclusions, and appraisal benefits for property used to provide housing for low- or moderate-income residents. Here is a quick summary of those special rules with links to the full statutes and to more-detailed blog posts on related issues.  If you think I missed any relevant statutes, please […]

Taxation of Affordable Housing in Community Land Trusts

Tuesday, December 15th, 2009

Imagine that you own a home, but not the land on which it sits. You’re a tenant on the land, subject to a 99-year ground lease. As a condition of the ground lease, you are permitted to sell your home only to a household earning less than the community’s median wage, and the ground lease […]