A comparison of Durham’s successful $95M Affordable Housing Bond in 2019 with Raleigh’s proposed 2020 Bond reveals stark differences: Unlike Durham’s precise commitments, Raleigh’s bond lacks details required for accountability and for judging if the spending will address Raleigh’s most pressing needs.
The City Council’s Affordable Housing Bond Issue: “Buckets” of Debt ($80 mil) in Search of a Plan
The bond proposal is full of holes where the details should be. Still, we haven’t given up hope that we can persuade Council to focus on the real needs and fight gentrification in our historic African-American communities.
Raleigh, we have a problem: Our “Affordable Housing MoonShot” is way off course
Raleigh’s affordable housing bond survey lacks important sampling methods and validation techniques required to produce an unbiased picture of public sentiment. Intentionally or not, the survey ignores low-wealth residents and confuses the public’s true feelings about the affordable housing bond.
Affordable Housing Bond Process Lacks Civic Engagement
At the May 5 City Council meeting, Raleigh resident Wanda Hunter asked Council to replace the flawed affordable housing bond process with one that is inclusive and equitable, and that authentically engages all of our community.
Raleigh’s Affordable Housing Bond: Pandemic Casualty or Bold Opportunity?
Moonshots are easier when Raleigh’s economy is humming and surpluses can be diverted to social benefits. The true test of the new Council’s commitment to bold, revolutionary and transformative change is at hand now, at this time of recessionary crisis and opportunity.
Sports Stadia and Affordable Housing
Sports Stadia and Affordable Housing... ... both share the feature of a taxpayer subsidy. Subsidies from public revenues are needed when a project is not feasible in a 'free market,' i.e. it will not generate income exceeding its costs --- otherwise private capital...