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.
INDY Week, please stop referring to me as anti-development. You refer to me as “Livable Raleigh co-founder Stef Mendell, who ran on an anti-development platform.” This has got to stop. I am not and have never been anti-development. And neither is Livable Raleigh. Let’s try to work together and find reasonable ways to accommodate appropriate development. Labeling individuals or groups as anti-development only furthers polarization.
Nearly half of the housing stock in Raleigh is rental housing and much of the affordable housing efforts by the city have been gap financing for affordable rental units. I think there needs to be a greater focus on creating dense, affordable, multi-family home ownership opportunities, and I think the best way to go about this is by incentivizing and/or subsidizing the creation of limited equity housing cooperatives.
Livable Raleigh and other proponents of Missing Middle best practices have lobbied Council for years to engage in a community conversation toward adopting Missing Middle infill improvements on the books in other peer cities that actually promote affordability, compatibility and walkable transit access. The latest, and perhaps best rules so far, have been adopted by Sacramento, CA.
Highlights from November 19, 2024 City Council meeting.
HIGHLIGHTS Mayor Baldwin announced that Councilors Forte and Harrison would be absent and excused from the afternoon session, but Councilor Harrison was in attendance. Mayor Baldwin announced that Councilor Black will be absent and excused for the evening session....