Wake County wants more affordable housing. Will that mean a tax increase?

The Wake County Board of Commissioners approved a 20-year plan to increase affordable housing that would require raising taxes to fund.

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As the Triangle’s largest nonprofit affordable housing developer, we’re optimistic about what this new $15 million commitment will mean for the residents of Wake County. We have a recent, tangible example of what DHIC and Wake County can accomplish together to create affordable housing solutions. That example is called Pennington Grove.

In May, the median sales price of a Wake County home was more than $320,000, according to the Triangle MLS. If you apply the common wisdom that you shouldn’t pay more than three times your income for.

serves Wake County and portions of Raleigh; Wake Transit Plan future improvements x Wake County has a 50,000-unit deficit in affordable housing; the county needs to produce 7,500 new housing units each year to accommodate the projected population growth through 2030. x Nearly 43,000 of the county’s 1 million residents spend more than 50 percent

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The initial bill did not include the increase in. the bill would help county officials pursue more opportunities for.

Affordable housing resources and information for renters, landlords, researchers and policy makers. Search for affordable apartments in Minnesota.

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The news was especially good because the new jobs will pay, on average, $72,146 a year, nearly $20,000 a year more than the average wage in Wake County. and overall housing costs and those of.

Affordable Housing. Affordable housing is a priority and the County is working with community partners to bring more low-cost options to Wake County. As prices for homeownership and rental units increase, it becomes harder for lower-income families to access affordable housing. Each year commissioners approve loans for the development.

About Habitat for Humanity of Wake County. Our vision is a world where everyone has a decent place to live. Since 1985, Habitat Wake has partnered with more than 600 families, donors and volunteers to build safe, affordable, energy-efficient homes in all parts of Wake County.

Last month, Holmes expressed frustration over other commissioners delaying the creation of the affordable housing. Wake county commissioner Jessica Holmes explains her board’s vote to adopt the.