Closing low-income housing loophole could be difficult, says NC housing advocate

By: Greg Childress

Outlets: North Carolina Newsline

Published: April 8, 2026

Words: 717

Last Updated: 3 months, 3 weeks ago

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A North Carolina House committee is considering legislation to close a loophole allowing for-profit companies to take advantage of a tax exemption program intended for nonprofit organizations that provide affordable housing to low-income renters.

But Eric Stein, a senior vice president at Self-Help, a credit union and community development organization, predicts passing the legislation into law will be difficult despite its good intentions.

“There’s going to be a lot of money that private equity has …

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