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A Home for Every Neighbor
The City of Raleigh's 2026-2030 Affordable Housing Plan
Raleigh is facing an urgent housing affordability and homelessness crisis, compounded by a national trend of rising housing costs and inadequate housing supply. As Raleigh’s population growth outpaces housing development and development costs increase, rents and home prices are escalating. This puts pressure on households, particularly those with lower incomes. The affordability of housing in Raleigh is shaped by four key factors: housing demand, housing supply, development costs, and household income. As these factors evolve, Raleigh has experienced significant affordability challenges and a growing homelessness crisis. Learn more about what Raleigh is doing to ease these burdens!
So far, the City has created and preserved 3,848 affordable housing units, completing over half of the 10-year goal. In total, there are 7,149 affordable units built and/or being built since 2016, with 3,301 units currently in the pipeline.
The City’s efforts primarily serve low- and moderate-income (LMI) individuals and families. Income limits are set each year by the U.S. Department of Housing and Urban Development and are based on the Area Median Income (AMI) per city or county.
| Family Size | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
|---|---|---|---|---|---|---|---|---|
| 30% AMI | $23,800 | $27,200 | $30,600 | $34,000 | $36,750 | $39,450 | $42,200 | $44,900 |
| 50% AMI | $39,700 | $45,350 | $51,000 | $56,650 | $61,200 | $65,750 | $70,250 | $74,800 |
| 60% AMI | $47,640 | $54,420 | $61,200 | $67,980 | $73,440 | $78,900 | $84,300 | $89,760 |
| 80% AMI | $63,500 | $72,550 | $81,600 | $90,650 | $97,950 | $105,200 | $112,450 | $119,700 |
How We Work to Meet Our Goals
The affordable housing goal counts housing units that have been created and/or preserved through the following four activities:
- New single-family houses and townhomes constructed for affordable home buyers
- Affordable rental apartments that are newly constructed or preserved
- Homebuyers receiving financial assistance through the City's homebuyer assistance programs
- Owner-occupied homes repaired through the City's homeowner repair and rehabilitation programs
Affordable Housing Bond
The Affordable Housing Bond is an investment to support and enrich the lives of residents with household incomes that are 30%, 50%, 60%, and 80% of AMI. The bond, totaling $80 million, will be spent in stages over the next five years. To learn more, please visit the links below:
