As the market continues to fluctuate, communities across the country are continuing to see rent spikes — pointing to a larger-scale housing crisis. Both rent rates and mortgage rates are on the rise in the Raleigh and Durham areas, prompting many to reconsider options for long-term housing solutions. This issue is disproportionately affecting underserved and at-risk communities, as well as those who are new to the housing and rental market.
Why is there a housing crisis in Raleigh?
The housing crisis is continuing to build momentum in Raleigh and Chapel Hill as more couples and families are displaced. Realtor.com once ranked the Raleigh area the 10th most affordable city to live in. However, this title is quickly being lost due to rising housing costs, stagnant wages, and the lack of adequate compensation at supplemental support programs.
Though the situation is serious, there are ways to find long-term affordable housing solutions in Raleigh, NC.
Benefits of affordable housing in the Raleigh/Durham area
Affordable housing options are making life possible for hundreds of residents in the Raleigh/Durham area, connecting them to necessary resources they need to survive. Affordable housing also reduces the number of people experiencing homelessness in our community.
CASA is proud to have 463 affordable housing units, and continues to develop new plans for other housing solutions for families in need. Currently, there are 324 more units in the production pipeline.
However, the job isn’t done. More units will be needed, especially as we face the possibility of a nation-wide recession that could devastate family housing solutions in the Raleigh area.
There are a variety of ways you can support CASA. For more information, please visit our website. We’re happy to connect you with resources, donation options, and information about how we’ve been able to support local Raleigh citizens in finding affordable housing solutions.
However, the job isn’t done. More units will be needed, especially as we face the possibility of a nation-wide recession that could devastate family housing solutions in the Raleigh area.
Casa offers a variety of different ways that you can support your local affordable housing planners. For more information, please visit our website. We’re happy to connect you with resources, donation options, and information about how we’ve been able to support local Raleigh citizens in finding affordable housing solutions.
