Correction: The original article inadvertently included 3 items; however, one item was pulled from the council consent agenda for discussion later.
Raleigh City Council on March 19 took two separate actions to support affordable housing in our community.
- Approval of $750,000 in gap funding for the completion of 90 affordable rental units at Thrive South End
- Rezoning of property with conditions that include the construction of at least 10 affordable housing units
The City originally committed $2.1 million for the Thrive South End project in 2021. Unexpected cost increases have led to a request for gap funding, bringing the City’s total investment to $2.85 million. This development, located at 420 Chapanoke Road, is within half a mile of a future bus rapid transit (BRT) stop. The City’s overall land use plan puts density near transit, with affordable options near transit being the ultimate goal.
Property located at the intersection of Garner and East Tryon Roads has been rezoned to Residential Mixed-Use. This allows for a greater number and variety of housing types. One of the conditions added to the proposal is that at least 10 affordable housing units must be constructed. This will benefit individuals and families at or below 60 percent area median income (AMI) for at least 30 years.
Creating and preserving affordable housing continues to be a key priority for the City of Raleigh. These actions represent pieces of the affordable housing puzzle, which are complex on their own and combine to ensure that affordable housing options are available in our community.
Visit Raleighnc.gov and search “affordable housing” to learn more about the City’s affordable housing initiatives.