Episode Details
Back to EpisodesLivable Raleigh Seeks $200M Housing Bond
Description
Livable Raleigh, a citizens group, is advocating for a $200 million housing bond to address Raleighs affordability crisis, doubling the city staffs proposed $11.5 million. They argue that the citys plan is insufficient, citing city data showing over 51,000 low and moderate income households spending more than a third of their earnings on rent or mortgages. The group has partnered with One Wake and is pushing for the larger bond to build and preserve affordable units. However, city council members have expressed caution due to past bond failures and potential voter pushback. City staff argue that building more housing overall helps, noting a recent 5.5% jump in new units led to a 7.9% drop in rents. Livable Raleigh also wants developers to contribute to rezoning projects, add affordable family units along transit lines, and pay into a housing fund.
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