Close to 56,000 Raleigh Households are Cost Burdened or Severely Cost Burdened
A household is cost burdened when it expends more than 30% of its gross monthly income on housing costs: for homeowners that includes principle, interest, taxes, and insurance; for renters that includes rent plus utilities. A household is “severely cost burdened” when it expends more than 50% of its gross monthly income on housing costs. African American residents are disproportionately impacted compared to White residents.
The City of Raleigh Owns 110 Acres of Land Suitable for a New, Affordable Planned Community
Less than five miles from the beltline in the southeastern corner of the city is a large parcel of land jointly owned by the City of Raleigh and Wake County. Currently pasture, it is zoned for medium density residential: garden apartments, townhomes, condominiums, and suburban style apartments. We believe that up to 740 homes that people can actually afford could be built on this property. There is also room for commercial development and ample space for gardens and a community gathering space.
We Ask the Raleigh City Council and Wake County Commissioners to Hold this Land in Abeyance for Future Affordable Housing Development.
High cost subdivisions and new apartment complexes surround the approach to the parcel. Our first goal is to ensure that this land is designated for future use as an affordable housing development.
How You Can Get Involved
1) Join ONE Wake’s 10,000 Strong Campaign to show your support for a new, affordable planned community in Raleigh: www.onewake.org/10000strong
2) Invite members of your congregation, neighbors, friends, and family to join you. Contact us at [email protected] to learn how.
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