New Housing Affordability Measures
July 7, 2021
When I ran for Mayor, I proposed a 10 point plan to encourage housing affordability and create more housing choices. Yesterday, the City Council continued to deliver on those promises.
- We approved TC-5-20, which permits more housing types to be built in certain residential districts, amends the methodology for determining how many units can be built on a lot or site, and adjusts minimum lot and site sizes. For the first time in many decades, people will be able to build townhomes, duplexes, triplexes and small apartments in more areas of the city. This will make housing more affordable and significantly expand housing choices throughout Raleigh.
- Multiple, new affordable housing projects were approved. In the Lane-Idlewild community, 17 affordable cottage courts will be built by Raleigh Area Land Trust and their partners. We also directed the city to seek a developer for two properties we are rezoning around Moore Square, one of which will require affordable housing. The second will be sold at its appraised value but the money received will be dedicated to our affordable housing fund.
- We also approved policies that will allow us to land bank along transit corridors, and set aside funds to prevent evictions.
These are major steps forward for our city and I am grateful for the hard work of the council and city staff to help get this done. But as always, there is still more to do.
I greatly appreciate your support as we continue our work together to build a Raleigh that works for everyone.