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Board reviews housing needs assessment, town‑owned site options and $2M federal grant for attainable housing
Summary
Staff summarized a DFI housing needs assessment: Huntersville median household income about $120,000, 72% homeownership, more than 2,000 low‑to‑moderate‑income renters with housing need; town has $2 million in federal funds for lot acquisition but sizable funding gaps remain for new construction.
Town staff presented findings from a Development Finance Initiative (DFI) housing needs assessment and reviewed options for using a $2 million federal grant to acquire lots for attainable housing.
DFI’s analysis shows Huntersville has a relatively high median household income (about $120,000) and a 72% homeownership rate, but many workers commute into town and lower‑income residents and workers face affordability pressures. Staff said…
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