Access to affordable housing is essential to cultivating healthy, equitable and prosperous communities. The lasting impacts of the COVID-19 pandemic, changes in the national economy, population growth and other factors have increased housing prices and rental rates and decreased the supply of affordable housing units. This 90-minute session will walk through the current state of housing in the greater Charlotte region and affordable housing strategies that are currently being implemented, such as grants and financing, development regulations and more.
Federal funds are commonly passed through state agencies in North Carolina before being awarded to local governments, which can make the original funding source less obvious. Before proceeding with a procurement, local governments should verify whether an award originates from a federal source. This determination affects compliance obligations, including procurement standards, reporting, and audit requirements.
When a construction or repair contract over $300,000 involves a building, the procurement and contract are subject to additional requirements under N.C.G.S. 143-128. Therefore, this question must be answered to determine whether the additional statutory requirements apply to this procurement scenario.
The micro-purchase threshold is a federal procurement threshold under which competitive procurement is not required. The default micro-purchase threshold is $15,000, but local governments may increase the micro-purchase threshold up to $50,000. An explanation of increasing the micro-purchase threshold and a template for the required annual self-certification is available here.