2030 Comprehensive Land Use Plan - Pitt County Government

Table A-17Average Price of Housing Sold in Pitt County – 1981-2010Year Average Price of Houses Sold Year Average Price of Houses Sold1981 $57,300 1996 $100,3041982 $59,600 1997 $99,7231983 $58,500 1998 $111,7661984 $59,000 1999 $103,7281985 $61,800 2000 $113,2271986 $65,400 2001 $121,2861987 $67,500 2002 $125,0241988 $70,004 2003 $128,4951989 $76,507 2004 $131,9171990 $79,596 2005 $138,4661991 $81,296 2006 $148,7421992 $87,638 2007 $153,8221993 $89,322 2008 $155,0881994 $90,013 2009 $147,1401995 $96,909 2010 $152,738Source: Greenville-Pitt Association of Realtors, Pitt County Development Commission.Housing Assistance ProgramsPitt County has a history of seeking federal and state grant funding to assist low-incomecitizens with rehabilitation and replacement of substandard housing. Financial assistancehas included public water, sewer and street improvements and private housingrehabilitation assistance in the Pug Moore community near Bethel. The County currentlyhas a $150,000 housing development grant pending to assist in the purchase of lots for newhousing.Dissolution of HOME ConsortiumThe Home Investment Partnerships Program (HOME) was created by the NationalAffordable Housing Act of 1990 to assist counties and towns in the rehabilitation andcreation of affordable housing for low-income residents. In 2010, the HOME Consortiumwas dissolved leaving Pitt County with limited rehabilitation and replacement options.Currently, rehabilitation and replacement activities are being provided under CommunityBlock Grant (CDBG-SS) Scattered site $400,000, NC Housing Finance (NCHFA-SFR) SingleFamily Rehabilitation $160,000, NC Housing Finance Agency (NCHFA-URP) Urgent RepairProgram $75,000. Total funding for Community Development in 2011 was $635,000. Tenpercent of the funding was allocated for Administration.2030 Comprehensive Land Use Plan Appendix A: Inventory and AnalysisPitt County, North Carolina A-32