On Thursday, February 20, Reps. Alma Adams (D-NC), Ralph Norman (R-SC), NC State Senator Paul Newton (R-36), Charlotte Mayor Vi Lyles (D) and Charlotte Mayor Pro Tem Julie Eiselt (D) will join The Hill to discuss housing affordability in the Carolinas.
Rising home prices, lending restrictions, stagnant wages, and a growing burden of debt have made homeownership financially unattainable for many prospective buyers. Cities across the country — including ones as vibrant as Charlotte, N.C. — continue to struggle with how to open the doors to homeownership to more of their residents while ensuring sound fiscal policies and practices.
Home to a number of major financial institutions, a bustling culinary scene and a unique cultural feel, the Queen City appears poised for further economic growth and opportunity for its nearly 2.5 million residents. Despite a number of positive gains for the city, stagnant wage growth, lack of public transit options and the historical isolation of working-class neighborhoods are just a few of the hurdles to homeownership for so many city residents, particularly minority populations. Are cities like Charlotte microcosms of the national housing crisis? Can solutions put in place in Charlotte serve as a national roadmap to increase homeownership?
In the second installment of the “Building the Dream” series, The Hill will hit the road for a morning of conversations to lay out a path forward to homeownership for more Americans.
Livestream for the event will be available on here on The Hill’s website.