Sanford City & County Set Hearings for New Shell Building

from Sanford Herald The Lee County Board of Commissioners and the Sanford City Council will hold public hearings on consecutive rights to hear comments regarding a proposal from each for funding of a new shell building in Central Carolina Enterprise Park. The commissioners’ hearing is set for Dec. 19 followed by City Council’s on Dec.Continue reading “Sanford City & County Set Hearings for New Shell Building”

City of Fayetteville Seeking Applications for Boards/Commissions

City seeks residents to apply for Boards and Commissions Post Date:12/12/2022 4:34 PM (Fayetteville, N.C.) – The City of Fayetteville is currently seeking residents to help fill vacancies for the following boards and commissions:  Boards and commissions are a great way for residents to engage in their community and continue to build a greater Fayetteville.Continue reading “City of Fayetteville Seeking Applications for Boards/Commissions”

City of Sanford Commits $4.2 Million for Affordable Housing

(memo from City of Sanford) Sanford City Council has committed to spending $4,268,444 for four transformative community initiatives as defined by the American Rescue Plan Act (ARPA). *$690,444 – to provide and protect affordable housing. The City of Sanford will contract with Brick Capital Community Development Corporation to provide home buyer education. The City willContinue reading “City of Sanford Commits $4.2 Million for Affordable Housing”

FHFA Adopts New FICO Scores

FHFA Announces Framework to Adopt New FICO and VantageScore Scores October 25, 2022 Fannie Mae & Freddie Mac (GSEs), Credit Policy By: Ken Fears (National Association of REALTORS®) The FHFA announced(link is external) that it will implement a framework for adopting two new credit scoring models by Fannie Mae and Freddie Mac. The framework will likely take several yearsContinue reading “FHFA Adopts New FICO Scores”

Fayetteville City Council Meeting Report October 24

The following agenda items were discuss and voted on as they pertain to real estate. Case P22-36 Conditional rezoning from Single-Family to Mixed-Residential Conditional Zoning for no more than 160 units. The property is 15.14 acres and is located on 7009 Fillyaw Road. The developer plans to build 125 units. The property is owned byContinue reading “Fayetteville City Council Meeting Report October 24”

NC REALTORS ® Legislative Agenda for 2023-2024

The NC REALTORS® 2022 Legislative Committee met this week to review the 2023/24 legislative priorities for the NC General Assembly. (from NC REALTORS® report) – This plan outlines anticipated advocacy activity for the 2023-24 Legislative Session. It identifies issues that the Governmental Affairs team is proposing to address. Short Term Rentals (STR) – Property ownersContinue reading “NC REALTORS ® Legislative Agenda for 2023-2024”