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New Mayor in Raleigh Calls for an Affordable Housing 'Moon Shot'

There's a necessity for Mayor Mary-Ann Baldwin's affordable housing ambition: average rents are rising faster than the national average in the North Carolina city.
December 15, 2019, 9am PST | James Brasuell | @CasualBrasuell
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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.

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Published on Sunday, December 8, 2019 in The Raleigh News & Observer
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