Raleigh, NC

Raleigh close to building 92 homes in East College Park

benledbetter00

By BEN LEDBETTER

RALEIGH, N.C. - North Carolina cities have been growing like tobacco crops in several rural areas.

According to a news release from Raleigh city government, it gets 17 new residents daily. Along with increasing land prices, finding a place that's affordable can be difficult.

Raleigh has finished building or nearly built 92 affordable homes in the East College Park neighborhood adjacent to St. Augustine's University. There are 98 total lots in this first phase. In the second phase, the city will build townhomes and the project's total to 150 new homes.

A statement from the city of Raleigh states Fisher Street Park has been relocated and expanded to include a new playground, basketball court, walkways and centralized mail kiosks. The expected finish for the park is sometime in July 2022.

The U.S. Department of Housing and Urban Development defines affordable housing as when the rent or mortgage does not exceed 30 percent of a household's gross monthly income.

According to the city of Raleigh, more than 33 percent of households are spending over 30 percent of their gross income on housing expenses.

"Young people now have an opportunity to grow up in a stable environment and families can look to grow generational wealth," said Raleigh City Council Member Corey Branch in a statement.

In 2016, Raleigh city government established a goal of building 570 affordable housing units per year for the next 10 years. The final goal is 5,700 units by 2026. As of May 31, 2022, the city has completed about half of the 10-year goal.

https://img.particlenews.com/image.php?url=2Hs7v6_0fyVB6af00
Downtown Raleigh is pictured in this 2017 photo. The city has nearly completed 92 homes in the adjacent East College Park neighborhood.Wikimedia Commons

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Ben Ledbetter is an experienced, versatile journalist that wrote for The Sumter (S.C.) Item, The (Lexington, N.C.) Dispatch, The (Asheville, N.C.) Citizen-Times and The Times-Picayune / The New Orleans Advocate. A graduate of UNC-Greensboro, Ledbetter later earned his MPA from the University of New Orleans. He will be covering a variety of stories in the Carolinas.

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