City Council Defers Proposed Sidewalk Amendments for Further Review

The Charlotte City Council this week voted 8-1 to refer a controversial sidewalk ordinance back through its committee process, after REBIC and top affordable housing developers voiced concerns over the impact on housing costs.

The ordinance under consideration would require all owners of by-right property along a city thoroughfare to install 6’ sidewalks and 8’ planting strips along their entire frontage when certain development thresholds are met. Unless that property already has a sidewalk at least 4’ in width, along with a planting strip of another 4’, the sidewalk is considered ‘substandard’, and would have to be replaced with a new sidewalk meeting the standards above. Continue reading

Realtors®, Home Builders Oppose GOP Tax Plan as an Attack on Homeownership

img_0100Both the National Association of Realtors® (NAR) and the National Association of Home Builders (NAHB) announced their opposition to the Republican tax reform legislation unveiled in the House last week.

NAR said the bill is a direct threat to consumers, to homeowners and to the housing industry.  Not only will millions of homeowners not benefit from the proposal, many will get a tax increase. Additionally, homeowners could lose substantial equity from the more than 10% drop in home values likely to result if the bill is enacted. Continue reading