There's a necessity for Mayor Mary-Ann Baldwin's affordable housing ambition: average rents are rising faster than the national average in the North Carolina city.
Raleigh’s new mayor, Mary-Ann Baldwin, is calling for a moonshot on affordable housing, reports Ned Barnett.
Raleigh is dealing with housing pressures common in growing U.S. cities: "Raleigh’s growth, including an influx of higher earners, is driving up rents and home prices and making it difficult for lower-income earners to find housing they can afford. The average rent in the Raleigh-Durham area rose 5.3 percent this year compared to 3 percent nationally."
According to Barnett, Mayor Baldwin's moon shot will include a housing bond, price tag still to be determined. Nearby Charlotte and Raleigh both passed affordable housing bonds in recent years.
FULL STORY: What will it take to launch Mayor Baldwin’s affordable housing ‘moonshot’ ?
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