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Affordable Hosuing, Multi Family Homes, & ADUs

Affordable Housing has been a buzz word for Raleigh politicians forever it seems. Demand has been kept high, driving up prices of homes, but why do we still keep having a supply problem? The answer is simple, Single Family Homes (SFH) and Apartments are all that is being built here. This is mainly attributed to NIMBYism and the "Council of No." Multi Familiy Housing (MFH) has been restricted in Raleigh causing us to spread out over a large area. Instead of building MFHs like duplexes/triplexes/cottage courts/slim or micro homes/modulure(connex)/tiny apartments, we have SFHs taking up large areas which limit our ability to keep up with demand. Let us expand our building options, create denser housing along with ADUs, and a rollback of property taxes once we pay off previous debts.

What happens when demand exceeds supply? The cost of housing skyrockets like it has in Raleigh, and we are faced with a housing crisis. According to Oak City CRE ("Economics of Delivering New Housing", 2018), "One of Evergreen's subsidized projects currently under construction (42 units) has received 200 inquiries without putting up a single sign or spending a single marketing dollar." That is a shrill cry for demand of more housing! There are high 6 figure dollar homes that are being built in denser fashion, but only the rich can buy them. Where is the affordable option for everyone else? The answer is, it's not happening and won't happen while the "Council of No" is in charge. The cure for the affordable housing crisis is so close and attainable, we could see change quickly. Housing is still being built as we speak, but we have the option to start allowing affordable multi family housing and other construction options.

Here we have an image of Wake County from Oak City CRE (Oak City CRE, "Raleigh/Mumbai Population Comparison", 2018) about density comparison. Raleigh will not look like this in our lifetime or the next, but the comparison should be shown. We see that we could fit all of Raleigh's population into that small blue square at Mumbai's density. Our entire population could fit in there. How does this relate to us? It shows that we are taking up a lot of space for so few people and that our density needs to increase throughout the city, not to the extent of Mumbai, but if we could double our density starting now - we could solve the affordable housing issue.

 If we allow other housing construction options, supply will finally catch up to demand or at least make it manageable. We can drive down the cost of living and make Raleigh for everyone. We can also start allowing Additional Dwelling Units (ADUs) or "granny flats" which will allow us to help use up unused space on SFH lots. This puts MORE MONEY INTO YOUR pocket, the homeowner, and less into some faceless entity. If you have more money in your pocket and you're helping alleviate the housing crisis, I'd say you're doing a fantastic job for your city and fellow citizens.

Let's finally make Raleigh for all, put your vote to ending the Affordable Housing Crisis once and for all, and vote for Bledsoe in 2019.

 

Citation

Economics of Delivering New Housing [Twitter]. (2018, November
8). Retrieved from https://twitter.com/oakcitycre/status/1060611654680039424?s=19

Oak City CRE. (2018, November 6). Raleigh/Mumbai Population Comparison
[Showing the density of Mumbai compaired to Raleigh]. Retrieved from
https://twitter.com/oakcitycre/status/105981491928274944?s=19


Committee to Elect James Bledsoe
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