|Volume 5, Issue 8
The Real Estate Report
Local Government News Impacting the Real Estate Industry
Greater Chapel Hill Association of Realtors Endorses Sales Tax Referendum
County Commissioners voted in June to put a quarter of one percent sales tax increase on the November ballot. The Greater Chapel Hill Association of Realtors along with The Chapel Hill-Carrboro Chamber of Commerce endorse the proposal. The proposal will support public schools, economic development, and emergency response services. See the full article by The Carrboro Citizen for more information.
Chapel Hill Library Moves to University Mall
While an expansion of its building is underway, the Chapel Hill Library will move to University Mall. The move to a space near the renovated entrance facing Harris Teeter will occur in about six months. See the full article by The Triangle Business Journal.Orange County, Town of Chapel Hill Cooperate in Library Plan
Officials from Orange County and the Town of Chapel Hill met in July to set out an agreement on library funding. A two-year agreement increases County funding for the Town Library and will allow officials from both parties to agree upon a formula for future funding. See the full article by The Carrboro Citizen.
UNC and CHPD Partnership Continues
UNC and Town of Chapel Hill Draft Campus Connector Path
Chapel Hill Installs High Tech Parking Meters
New Post Office Serves White Cross, Chapel Hill
Police Issue Citations to Businesses for Illegal Alcohol Sales
Search for Next Chapel Hill-Carrboro Schools Superintendent
Orange County Commissioners Fund Extra to Small Business Loans
The Orange County Commissioners approved $200,000 towards the county’s Small Business Loan Program to provide capital for local small businesses. See the full article by 1360 WCHL for more information.
Durham County Commissioners Approve 751 South
Durham County Officials Weigh Sales Tax Referendum
Chatham County Commissioners Support Application for Small Business Funds
In Chatham County, the Board of Commissioners approved a resolution supporting applying to the NC Department of Commerce for an agrarian growth zone in Siler City. The special economic zone is used to stimulate growth of business in areas with substantial poverty. See the full article by The Herald-Sun.
State and Nation
Homeownership Low in South
The U.S. Census Bureau reported that homeownership levels in the South are at a five-year low. While higher than the national average, the 69.1 percent of households occupied by their owners is down .9 percent since mid-2009. See the full article by The Triangle Business Journal. President Obama Praises UNC
In remarks to an audience at The University of Texas, President Obama praised UNC’s efforts to provide quality services during the economic recession. UNC recently raised tuition for all students to avoid cutbacks. See the full article by 1360 WCHL.
Congress Passes, President Obama Signs Jobs Bill
North Carolina Unemployment is Down