A new affordable housing community is on the way for veterans in Raleigh! On Veterans Day, community partners gathered to celebrate the groundbreaking of Wake County’s first tiny home development specifically serving veterans at 15 Summit Avenue.
The City is providing the land under a 75-year ground lease to ensure the homes stay affordable for years to come. Supported by a $368,573 investment from the City, the development will provide 10 affordable homes for veterans, offering a pathway out of homelessness and toward long-term stability.
The development builds on recent zoning changes the City made in 2021 and 2022 that allow more “missing middle” housing options, including tiny homes and cottage courts. In 2022, the City expanded where Accessory Dwelling Units (ADUs) and tiny homes can be built, especially near transit. These changes make it easier to build more housing of all types across Raleigh, improving affordability for everyone.
Developed by nonprofit CASA in partnership with Operation Coming Home, the new community will expand affordable housing opportunities for veterans in Wake County, which is home to 50,000 veterans according to U.S. Census Bureau estimates.
All 10 homes will be reserved for veterans earning 60% or less of the Area Median Income (AMI), with homes available at several income levels:
- Two homes at 60% AMI: For a family of two earning $63,540 or less annually.
- Four homes at 50% AMI: For a family of two earning $52,950 or less annually.
- Four homes at 30% AMI: For a family of two earning $31,800 or less annually.
Developments like this help solve the affordable housing puzzle, one piece at a time. By working with community partners, the City is expanding access to housing for residents with different needs and income levels.
The development also supports the City’s updated Affordable Housing Plan, A Home for Every Neighbor, which focuses on increasing the supply of subsidized affordable housing, improving affordability across Raleigh’s entire housing market, and ending and preventing homelessness.