Affordable housing tax loophole threatens to drain local government budgets in NC
[caption id="attachment_16662" align="alignleft" width="331"] The NC Court of Appeals ruled in 2013 that Cane Creek Village was entitled to a property tax exemption. (Photo: NC General Assembly Legislative Analysis)[/caption] NC NEWSLINE - A growing number of apartment complex owners in Wake County and elsewhere in North Carolina are taking advantage of a state law that grants property tax exemptions to nonprofits that provide affordable housing to low-and moderate-income residents, Wake