This past November, the Wake County Commission discussed lobbying the General Assembly for authorization to develop affordable housing specifically for teachers. I think low hanging fruit for the city would be to seek authorization to develop affordable housing specifically for city employees, and to combine efforts with the county at the General Assembly.
Highlights from the March 4, 2025 Council meetings
Let’s just say – the City fell short, big time. The BRT project has become a laughingstock, and the transportation system as-is, is modeled after an airline hub system. Meaning, you must go downtown first to catch another bus. Not to mention that one would have to walk along streets without sidewalks or ample streetlights. What would take 20 min by car is a 1 hour and 30 min ride by bus. But let’s build under the FTOD and TOD.
Highlights from February 11 Work Session on Bus Rapid Transit as well as Public Comment session
Highlights from Council’s Planning Retreat
Day two of Council’s annual retreat kicks off on January 25th with a discussion of affordable housing. It will be interesting to see if Mayor Cowell can convince her fellow Councilors to move beyond the kinds of fuzzy math that has concealed the real size and causes of Raleigh’s affordable housing crisis. Effective solutions will be fact-based, data driven and will reform current growth rules that promote the loss of five thousand affordable units each year.
Highlights from January 21, 2025 Council Work Session and Afternoon Session
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.
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