COMMUNITY NEWS

City receives Affordable Housing Market Study
Friday, January 24, 2020

CONCORD – At its January meeting, the Concord City Council received a presentation of the recently completed Affordable Housing Market Study. The mission of this study is to identify ways the citizens of Concord can have access to safe, quality, affordable housing as well as the supportive services necessary to maintain independent living.

The City of Concord contracted with the Institute of Building Technology and Safety to complete individual housing studies for Concord and all other members of the Cabarrus/Iredell/Rowan HOME Consortium.  Each study provides analytical data for Concord and other members to use to bolster planning efforts around affordable housing.

Highlights of the study include expected demographic trends, future demands for housing, regulations, and obstacles preventing the market from effectively responding to this demand.  In addition, it provides a snapshot of the assets and programs currently available to help the community to address these challenges.

The full study is available on concord.gov. Additional details about the City's affordable housing programs are at concordnc.gov/Planning. You may also contact Planning and Neighborhood Development at 704-920-5152 for more information.