Attending the city’s budget listening sessions was more informative than just how the budget is created. It showed people have a lot to say. They have a lot they care about. Of these things, the 3 that kept coming up were Affordable Housing, Transportation, and Public Safety.
Council discussed the strategic plan during the afternoon work session and heard public comments in the evening.
I have experience valuing homes that are next to duplexes, fourplexes and apartment buildings; I see what’s happening in these neighborhoods. Once zoning is changed from single-family to multi-family, developers move in and start competing against families for older homes. Unfortunately, the builder always wins because they have more money and are willing to pay cash. Homes, perfect for a starter family or in need of being rehabbed will be purchased by a developer who will tear the house down to make way for a new multi-unit building on a small 5,000-square-foot site. (It’s called the highest and best use of the land). The moment construction starts, the value of a nice condition single-family home next door goes down; the appraisal term is called external obsolescence. Welcome to capitalism in America.
Highlights from the January 7, 2025 City Council meeting
The city is starting to write a new Comprehensive Plan, When adopted, it will replace the current 2030 Comp Plan, which was adopted in 2013 after several years of public input and dialogue. What is a Comp Plan? It’s a set of policies meant to guide every decision made by city leaders.
Community engagement for the 2025 / 2026 Raleigh Budget has started. I attended the first virtual session in December, not October, thinking that they would actually engage with the audience. Instead, input was gathered through a number of questions, rather than an informative session and discussion with the public to gather more information about resident priorities and needs. My session had a well educated audience, yet little time was afforded for actual public input.