Affordable housing isn’t a typical topic of the blog but this year, I’ve been following two initiatives that may provide atypical housing at a lower price point in Raleigh. These include:
The City of Raleigh wants to sell a plot of land in East Raleigh for $1 (one dollar) in exchange for affordable housing.
On election day, you’ll see an option to approve, yes or no, an $80 million housing bond. Jump to more on this on the city’s website.
Lane-Idlewild Affordable Housing
The city wants to leverage over an acre of land on East Lane Street to get some affordable housing units built. The proposal on the table is that the land, valued at over $1.4 million, would be sold for $1 (yes, one dollar) in exchange for more affordable housing.
One of the key criteria here is having at least 51% of the proposed residential units being affordable. In this case, affordable means that it is targeting individuals at the 80% area median income level. (see more about AMI here)
The proposal submission date was in August and the city was flooded with around 32 proposals. This week, the city council moved ahead and the list of applicants has been reduced to four.
Here is a brief overview of the four applications.
Rendering shown above
proposes 10 lots, each with a duplex and an Accessory Dwelling Unit (ADU).
mix of rental units available to <50-60% AMI, <70-80% AMI and <80-100% AMI
affordability preserved for a minimum of 20 years.
proposes 11 rental units across duplexes and quadraplexes
all units will be available to <40% AMI
tenants will pay a maximum 30% of their income for rent
minimum of 30 years of affordability
will provide a community garden and on-site management services
proposes a mixture of 44 rental suites and units across detached, attached and ADUs
the single-family building types include 1 and 2 bedroom living options arranged as a co-living layout
propose a mix of 50% of affordable suites for <50% AMI and 50% for <80% AMI, or 40% of units at <50% AMI and 60% of units at <80% AMI
a 25-year initial term of affordability.
Raleigh Area Land Trust
proposes 16 Cottage Court units for sale across 8 duplexes
propose 50% (8) of the units be sold to <50% AMI
25% (4) units to <60% AMI
25% (4) units at Market Rate.
RALT would retain ownership of the land while leasing it to the homeowners through a 99-year, inheritable, renewing ground lease, while limiting equity accrual in order for the homes to be resold to other income-qualifying households.
This is such an interesting project and some good proposals are on the table.
Affordable Housing Bond 2020
With voter approval in November, $80 million would be used to fund affordable housing in a variety of ways. From a July 2020 update, the breakdown of those funds are shown below.
What has me most interested in this bond is that money will go directly into purchasing land around transit. We already know where that land is going to be as we’ve been undergoing a Wake Transit Plan since adoption in 2017. I wouldn’t be surprised if the BRT routes are the areas where land purchasing will take place.
In response to concerns about getting the needs from this bond to the ones that need it most, those at the lowest income scale in Raleigh, I’d like to borrow Councilor Melton’s update after the council’s September 1 meeting.
We also adopted the recommendation to produce more housing units affordable at 30% area median income (AMI). At the meeting this week, staff presented policy recommendations for producing more housing affordable at 30% AMI.
Staff recommended allocating $10 million from the bond funds for permanent supportive housing for very low income (30% AMI or lower) chronically homeless individuals, $10 million from the bond funds for non-profit partners to create or preserve small scale projects where not less than one-third of total units serve 30% AMI or lower, and $8 million from the bond funds plus regulatory incentives for new rental developments where not less than 20% of the units are affordable for not less than 30 years. Staff also recommended requiring 25% of units in 9% tax credit projects and 10% of units in 4% tax credit projects to target creating housing affordable at 30% AMI.
We voted to adopt and approve all of these recommendations.
9/1/2020 meeting summary: Affordable Housing Bond, micromobility (scooters!), big rezoning – link
It’s a pretty large initiative that certainly attempts to close the gap on Raleigh’s housing needs and deserves your consideration when voting this Fall.
The latest iteration for the property at 615 West Peace Street is now a residential building named 615 Peace. One and two bedroom units are planned for an empty site that has gone through a few proposals over time, including a hotel with a controversial rezoning.
Even with the ongoing pandemic, downtown residential occupancy is very strong according to the Downtown Raleigh Alliance’s latest State of Downtown Raleigh report.
The project’s site also mentions ground-floor retail which is refreshing to see on a busy street like Peace. The plans look pretty decent so I’m hoping the condo market makes it happen as rentals still seem to dominate downtown.
Starting this week, the city is having protected bike lanes installed on West and Harrington Streets as part of the Downtown North-South Greenway Connector. This will be downtown’s first protected bike lane which connects the warehouse district to Smoky Hollow. You can already see parts of it along West, shown above.
Along West Street, bicycle traffic can start from Union Station and head toward Smoky Hollow in the protected lane until North Street. If heading the other way around, you can get back to the warehouse district riding down Harrington Street.
The placement of the lanes is also nice as there are several Citrix Cycle stations along them including Union Station, across from Morgan Street Food Hall, Hillsborough Street, and at Jones Street.
This is excellent to see as it is a foundational route that one day could connect to a greenway heading north along a Devereux Meadows park in north downtown and to a greenway to Dix Park which is to the south. The lanes should be 100% by October.
The demolition continues on Caswell Square, this time with the Oral Hygiene building along Dawson Street coming down. By the time you read this, it is most likely gone.
The demolition on the square itself started in March 2020, see this post, and no plans for the land have been announced. If I recall correctly, this is the last building to be removed from the square.
I said it before and I still continue to think that the state government needs to improve the management of their own properties as the loss of these buildings, with private interest in rehabilitation, is a loss for downtown Raleigh.
During the Aug 20 meeting of the Raleigh Appearance Commission, a request for an alternate design came up for what’s being called Block B of Seaboard Station. The six-story building planned for this site is a mixed-use building with residences over retail. Above is a concept rendering
A bit unique to the building, and very welcome in my opinion, is that the plans show parking being underground. You don’t see too much of that with the development of the last few decades as a plethora of new buildings have been built over a parking deck or have the deck wrapped in the interior.
The site of Block B at Seaboard Station would loosely be over the current tennis courts along Halifax Street between Seaboard Avenue and Franklin Street.
It doesn’t look like the building would go all the way to Abe Alley so perhaps the remainder of that block is still being worked on.
The plans show about 180 units and all four sides of the building have an active use for either retail or residential. There’s just one parking entrance along Halifax.
Those are some of the high-level takeaways about this project from this request. If you’re curious about the request itself, the summary says:
The building meets the build-to requirement for much of the site but is missing build-to requirements along Halifax Street. A major Duke Energy 115kV transmission line and easement extends through the property along the entire Halifax Street frontage. Buildings and other permanent, above ground structures are not allowed within Duke Energy’s transmission line easements.
This week, the city council received an update from Jim Greene, Assistant City Manager, and Bill King, President of the Downtown Raleigh Alliance, on the latest efforts to help and even reactivate downtown Raleigh as we continue through the COVID-19 pandemic. The riots over the death of George Floyd also had a big impact earlier this year as there are still storefronts with boards over their windows.
Today I’d like to ask readers to catch up with your downtown and take part in a short list of to-do’s that you can do to help downtown Raleigh.
Before we get in to the details, let’s get your responsibilities out of the way.
Fill Out the 2020 Census to Help Downtown Raleigh’s Future. Do that here.
We’re getting reports that Publix, located along Peace Street at the intersection with West Street, is set to open in early September. This makes the road work nearby feel practically complete as crews just need to put the finishing touches on the bridge over Peace Street. Publix is more reason to celebrate almost four years of road construction finally ending.
Throughout the 2000s and early 2010’s, a downtown grocery store was one of those key reasons folks said they wouldn’t seriously consider living in downtown Raleigh. They are now here so if Weaver Street didn’t get you packing, Publix should seal the deal!