What Are Your Housing Bond Priorities?
Housing affordability is affecting cities throughout the nation. In Wake County, an estimated 56,000 low-income households are unable to find an affordable place to live, and it is expected to more than double over the next 20 years. As if this weren’t enough, Wake County is losing around 800-1,300 affordable units each year, and housing prices are soaring.
According to a recent analysis commissioned by the News & Observer, the number of homes selling for $1 million or more grew by more than 360% between 2010 and 2019. Meanwhile, homelessness and housing insecurity are on the rise. As detailed in a recent report by CBS17, the rate of school-age children living in budget motels in Wake County has spiked by 225% in the past three years.
We want your feedback on priorities for funding Housing Affordability in Raleigh!
The need for more affordable housing in Wake County hasn’t gone unnoticed by local municipal leaders. Raleigh is taking steps to slow the housing crisis through a series of policies and a potential bond referendum in November 2020. In preparation for the bond, WakeUP Wake County was asked to join a newly commissioned Affordable Housing Bond Advisory Committee, which will provide recommendations on how money from the bond will be spent, support community engagement efforts, and provide ongoing feedback to City Council over the next several months.
WakeUP wants to hear from YOU on what the City of Raleigh’s priorities should be for housing affordability funding from a November bond. There are a lot of housing experts on the advisory committee, but only you know what the most significant issues are for you and your family.
CLICK HERE to tell us what you think should be the TOP TWO areas of funding for a November Bond.
Your feedback will help inform our meetings and the agenda for our second annual Affordable Housing Update in March 2020. Details on this event to come soon, so stay tuned for more!