North Carolina's Housing Finance Agency: Can it be More Effective? Public Deposited

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Creator
  • Hiteshew, Kent
    • Affiliation: College of Arts and Sciences, Department of City and Regional Planning
Abstract
  • President Carter's national urban policy address included, for the first time, provisions for the participation of state governments in an attack on our nation's urban ills. Historically, states have not dealt with urban issues and have left these problems to be confronted by local and federal governments. The national urban policy reflects the realization that "state governments have both money and power which can be marshalled in the battle to bring suitability and vitality back to our cities." While the federal budget deficit has continued to escalate to a 1976 high of $66.5 billion (U.S. Department of Commerce 1977) state governments maintained an historical trend of budget surpluses (Albright 1976). In addition, state constitutions and statutes are the origin of all municipal powers relating to urban development, taxation, and annexation. Consistent with these determinations, the President has proposed that federal incentives be provided for states to implement comprehensive urban policies and strategies. North Carolina and forty-one states already have one mechanism in place for implementing strategies consistent with the proposed national urban policy: a state housing finance agency (HFA). However, the degree of past effectiveness and the potential for performing a critical role in implementing national policy varies widely among HFAs. This article examines the potential for North Carolina's HFA to take on an expanding role in addressing this state's housing problems. First, a brief history of North Carolina's agency is chartered. Following that, the agency's performance is evaluated. The article concludes with proposals to increase the agency's capability to meet the state's housing needs.
Date of publication
DOI
Resource type
  • Article
Rights statement
  • In Copyright
Journal title
  • Carolina Planning Journal
Journal volume
  • 4
Journal issue
  • 2
Page start
  • 28
Page end
  • 36
Language
  • English
Digital collection
  • Carolina Planning Journal
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