Raleigh Adds More Affordable Housing Units

Booker Park North at Washington Terrace

Affordable housing is important to the City of Raleigh. City residents with stable housing have opportunities for career advancement.  Housing affordability is key to a City's continued economic growth.

The City has set a goal of adding 5,700 affordable housing units in a 10-year period. The City’s efforts serve low- and moderate-income (LMI) individuals and families. The LMI income limits are set each year by the US Department of Housing and Urban Development.

To qualify for the income restricted (80% or below of Area Median Income) homes your income must fall within the chart. 

Family Size HUD Gross Income Limit
1 $51,950
2 $59,350
3 $66,750
4 $74,150
5 $80,100
6 $86,050
7 $91,950
8 $97,900

Annual Federal Spending Reporting

Annual Federal Spending Reporting 

 

The Community Development Division is unique within the City of Raleigh because it is primarily federally funded. The Federal government requires that these funds are spent responsibly and benefit low-and moderate-income residents. Every year the Community Development Division produces an Annual Action Plan to show how federal monies will be spent in the coming fiscal year. The Consolidated Annual Performance and Evaluation Report (CAPER) is a yearly report to the US Department of Housing and Urban Development demonstrating how federal funds are spent.

The City is committed to creating 570 affordable housing units a year for the next 10 years. There are four programs the Community Development Division uses to meet this goal. The programs provide assistance with homeownership, neighborhood revitalization, creation of rental developments, and provide owner occupied loans in order to bring homes up to proper living standards.

 

Community Report on Housing and Community Development Planned Expenditures (2019-20)

Consolidated Annual Performance and Evaluation Report Summary (2017-18)