Keep up with essential planning news and commentary, delivered to your inbox every Monday and Thursday.
New Mayor in Raleigh Calls for an Affordable Housing 'Moon Shot'
Raleigh’s new mayor, Mary-Ann Baldwin, is calling for a moonshot on affordable housing, reports Ned Barnett.
Raleigh is dealing with housing pressures common in growing U.S. cities: "Raleigh’s growth, including an influx of higher earners, is driving up rents and home prices and making it difficult for lower-income earners to find housing they can afford. The average rent in the Raleigh-Durham area rose 5.3 percent this year compared to 3 percent nationally."
According to Barnett, Mayor Baldwin's moon shot will include a housing bond, price tag still to be determined. Nearby Charlotte and Raleigh both passed affordable housing bonds in recent years.