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Sunday, December 22, 2024

City Council Approves Funding for Affordable Housing Projects

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Mayor Mary-Ann Baldwin | City of Raleigh - Government

Mayor Mary-Ann Baldwin | City of Raleigh - Government

Raleigh City Council made significant strides in supporting affordable housing within the community during a recent meeting. The council approved funding for the completion of affordable rental units and rezoned property to include affordable housing units.

The approval of $750,000 in gap funding for the completion of 90 affordable rental units at Thrive South End demonstrates the city's commitment to providing housing options for residents in need. This funding will contribute to the completion of the project, located at 420 Chapanoke Road, which is strategically positioned near a future bus rapid transit stop.

Additionally, the council approved the rezoning of property to include the construction of at least 10 affordable housing units. This decision aligns with the city's goal of creating diverse housing options and ensuring that individuals and families with lower incomes have access to affordable housing for years to come.

City officials emphasized the importance of creating and preserving affordable housing as a top priority for Raleigh. These recent actions are seen as vital pieces of the affordable housing puzzle, working together to provide sustainable housing solutions for the community.

In a statement, the City of Raleigh highlighted the significance of these initiatives, stating, "Creating and preserving affordable housing continues to be a key priority for the City of Raleigh." These efforts underscore the city's commitment to addressing the complex issue of affordable housing and ensuring that there are viable options available for all residents.

For more information on Raleigh's affordable housing initiatives, residents are encouraged to visit Raleighnc.gov and search "affordable housing."

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