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As home and rent prices in the Triangle continued to climb over the last several years, the City of Raleigh has been seeking out new avenues to accommodate the growing affordable housing need.
Last month, the Raleigh City Council approved $22.8 million to build 454 new units close to bus stops, grocery stores and doctors. The city also has set a goal to build 5,700 affordable homes by 2026.
This new “multi-family” apartment complex targets middle-income renters with a lower price point in Northeast Raleigh. Take a look inside. New 344-unit apartment complex brings ‘workforce ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Missing middle housing refers to a lack of medium-density housing in the North American context. The term describes an urban planning phenomenon in Canada, the United States, Australia and more recent developments in industrialized and newly industrializing countries due to zoning regulations favoring social and racial separation and car-dependent suburban sprawl.
Raleigh wants to create 5,700 affordable housing units by 2026 as part of a 10 year goal set in 2016, or 570 affordable home a year. To date, the city is about halfway complete with 2,872 ...
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