Today's story about Charlotte's affordable housing shortage quotes developer John Crosland saying: "It's high time we try to do something about the people who are really struggling to find an affordable place."
Crosland has published his findings about the housing situation in a white paper circulating among city leaders.
His proposed solution: reduce the cost of development, which would cut housing prices. That would require easing land-use regulations, among other steps, he argues.
Other ideas include free or low-cost government land for affordable housing and larger housing bonds.
"I have seen the system that we have in place and understand that thousands are trapped ...Instead of leaving these families to fail, we must extend them a hand," the study says. "I do not want to see Charlotte become a place where the rich get richer while the poor get poorer."
Click here to read the conclusion of Crosland's white paper.
Among the study's findings: Charlotte lost 1,125 units for the poorest families from 2001 to 2007. At least 3,201 affordable units were demolished, while only 2,076 new affordable units were built to take their place.