Affordable housing is important to the City and a priority for our residents. Affordable housing is a key factor in community vitality and continued economic growth. Affordable housing provides stability for families, improves opportunities for education and career advancement, and reduces the risk of homelessness for households that are dependent on low wages or fixed incomes.
Different people and organizations define affordable housing in different ways. The City of Raleigh’s definition of affordable housing is total housing cost (rent or mortgage and utilities) that is no more than 30% of a household’s income. Raleigh uses the U.S. Department of Housing and Urban Development (HUD) rules for income restricted housing. What this means is incomes that fall within a certain range can qualify for reduced or subsidized housing. HUD updates the numbers as economic conditions change.