More affordable homes are on the way, with Council approving support for 491 new rental homes across five developments.
These homes add to Raleigh’s affordable housing supply, helping residents find safety and stability. They will be located near jobs, public transit, and everyday services like grocery stores and schools.
The City is supporting these projects through its Rental Development Program, which provides low-interest loans and works with federal tax credits and other financing to help make affordable housing possible.
In December 2025, the City announced the availability of funds for qualified developers and received eight applications. After review, five projects were selected to receive nearly $9.9 million in total support.
The five approved developments include:
- Brook Haven (60 homes)
- Eagle Trace (90 homes)
- Evoke Living at New Bern (73 homes)
- Heritage Park Phase 1A (112 homes)
- The Willow (156 homes)
The City’s Affordable Housing Plan sets a goal to increase housing options and keep Raleigh affordable for more people. Investments like this help bring this goal to life by creating more homes residents can afford.
Through investments like this, Raleigh continues to work to solve the affordable housing puzzle, one piece at a time.