by Bob Jessup | Aug 7, 2025 | Blog
Earlier this year, the authority of North Carolina local governments to issue special assessment revenue bonds lapsed. We are sorry to see it go. This type of financing has been very popular in other parts of the country, but it never got a foothold here. There were a...
by AJ Jessup | Aug 5, 2025 | Blog
This post updates a previous post, to now reflect the provisions of the final enacted legislation. “Opportunity Zones,” created in 2016 under the Tax Cuts and Jobs Act, were designed to encourage investment in “distressed areas” by way of deferrals and exclusions on...
by Bob Jessup | Aug 5, 2025 | Blog
We’ve written before, and wondered with something like despair, if we would ever be able to have a productive discussion about diversifying local revenue sources in North Carolina. The situation for local governments is only getting worse....
by Bob Jessup | Jul 30, 2025 | Blog
Federal tax law, and North Carolina state law, allow tax-exempt bonds to be issued to benefit privately owned, for-profit housing developments. The very popular 4% low-income housing tax credit program in fact requires that bonds be issued to finance housing...
by Emily Jessup | Jul 11, 2025 | Blog
This is the first installment in our series spotlighting different ways communities across North Carolina are tackling their housing needs. We heard about Morganton’s Housing Stimulus Program that offers forgivable loans to developers for water, sewer, and streets...
by Bob Jessup | Jul 11, 2025 | Blog
Our friends at the LGC have recently announced policy and process changes that will be useful to local governments in getting financings approved. Reducing the audit blackout period It has been LGC policy for some time that you couldn’t get a financing approved in...
