Full agenda with accompanying materials available at https://pub-raleighnc.escribemeetings.com/Meeting.aspx?Id=8ffb0ee4-3793-47bb-959c-c21eaba5fb30&Agenda=Agenda&lang=English
HIGHLIGHTS
- Councilor Silver and Mayor Pro Tem Harrison absent and excused from both work session and public comment session
- There will be a joint meeting with the Wake County Commissioners on 2/17 at 6pm at the Wake County Justice Center to discuss housing
- Recommending $101.5M 2026 Affordable Housing bond
- $57.6M for Housing Development & Preservation
- $10.4M for Homebuyer Assistance & Preservation
- $12M for Homelessness Response
- $21.5M for Mixed Income Development
- Customer Experience Program Update will be presented at a future meeting due to time constraints
- Public comments focused on Fourth Ward, Peace Street and North Hills rezonings, affordable housing, preservation, City of Raleigh employee benefits, and the Big Branch Greenway
WORK SESSION
Raleigh’s Key Housing Goals
- Increase AH supply
- Improve overall housing affordability
- End and prevent homelessness
Agenda
- Missing Middle Policy – staff member cited more units being built, but did not discuss the fact that most of these units are not affordable
- Anti-Displacement Tools – Mayor Cowell questions whether NCODs protect white neighborhoods at the expense of minority neighborhoods
- Affordable Housing Location Policy
- Mixed-Income Public Development
- Yes in God’s Backyard (YIGBY)
- Unsheltered Homelessness Response
- Affordable Housing Dashboard
- The City of Raleigh and the Raleigh Housing Authority (RHA) contracted with Center for Public Enterprise (CPE) to explore the feasibility of establishing a mixed-income public development program modeled after successful programs in Montgomery County, Maryland, Atlanta, Georgia, and Chattanooga, Tennessee.
- Through implementing this type of program, Raleigh can:
● Create a new pipeline of mixed-income affordable housing for Raleigh that does not
rely on existing scarce federal resources
● Catalyze affordable developments on city-owned land
● Strengthen existing partnerships between the city and Raleigh Housing Authority
● Engage private and philanthropic partners to address the city’s affordable housing
shortage
- The affordability achieved under the mixed-income public development model is enabled by three key elements:
- A revolving loan fund to provide a portion of construction financing
- Lower-cost permanent financing enabled by existing HUD and Treasury programs
- Tax relief accessed via public ownership
- Increasing the supply of affordable housing is a primary strategy to address Raleigh’s “urgent housing affordability and homelessness crisis,” according to the City of Raleigh 2026-2030 Affordable Housing Plan. That strategy can be pursued through development of housing on faith properties.
- Recommending $101.5M 2026 Affordable Housing bond
- $57.6M for Housing Development & Preservation
- $10.4M for Homebuyer Assistance & Preservation
- $12M for Homelessness Response
- $21.5M for Mixed Income Development
- Lots of comments about the need for more updated and detailed metrics
Customer Experience Program Update
- Will be presented at a future meeting due to time constraints
PUBLIC COMMENT SESSION
- Public comments focused on Fourth Ward, Peace Street and North Hills rezonings, affordable housing, preservation, City of Raleigh employee benefits, and the Big Branch Greenway
- 9 of 13 people signed up to speak actually showed up