Morganton officials are advancing a plan to finance a 144-unit affordable housing project through private-backed bonds, aiming to expand housing options without using public funds.
Burke County’s housing market is shifting with more homes for sale, lower listing prices, and longer selling times, while rents continue rising, creating mixed signals for buyers, sellers, and renters in 2026.
The once-empty lot at 634 Independence Blvd., just north of the Sheetz gas station, is empty no more. The 66-unit Riverbend Apartments complex is quickly taking shape.
Facing a housing crisis in Burke County, nonprofits like Habitat and Open Hearts Place are aiding families in homeownership, while government agencies like Morganton Housing Authority offer rent-controlled apartments. These efforts are crucial, given the staggering rental costs that burden low-income residents.Â
Factors contributing to the crisis include escalating housing costs, limited inventory, high construction expenses, and inadequate utility infrastructure for new developments. Local governments are working to promote housing development, but the complexity of the situation presents difficulties in finding easy solutions.
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