Raleigh Aims to Create 1,345 Affordable Housing Units, Reduce Unsheltered Homelessness to "Functional Zero" by 2030

Raleigh Aims to Create 1,345 Affordable Housing Units, Reduce Unsheltered Homelessness to "Functional Zero" by 2030

Nine years ago, the City of Raleigh set an “aspirational goal” of creating 5,700 affordable housing units by 2026. Today, with less than a year to go before the deadline, the city is about two-thirds of the way there with 3,848 units. Creating and preserving affordable housing in Raleigh has gotten harder since 2016 thanks to a steep rise in both property values and the cost of building. Despite an $80 million affordable housing bond passed in 2…