Raleigh council explores housing bond strategies to combat homelessness and improve affordability

Raleigh City Council is taking significant steps to address the pressing issue of homelessness and affordable housing in the community. During the April 15, 2025, work session, council members discussed the allocation of funds for down payment assistance and the potential impact on homelessness. It was noted that $60,000 could assist one homebuyer, while the same amount could help two individuals exit homelessness, highlighting the need for prioritizing resources effectively.

The council is exploring innovative funding sources, including potential partnerships with healthcare providers like WakeMed and UNC Health. These collaborations aim to address homelessness as a public health issue, potentially reducing emergency room visits and healthcare costs. A Medicaid waiver set to roll out in 2026 could also allow Medicaid to cover housing stabilization services, which may significantly enhance the city’s efforts to combat homelessness.

Another key topic was the future of housing bonds. With the previous bond nearly exhausted, council members are considering the next steps for funding affordable housing initiatives. Discussions included the timing and prioritization of upcoming bonds, with an emphasis on community input to determine the most pressing needs. The council is committed to ensuring that any new bond proposals reflect the desires of the public, balancing the need for rental units with support for homeownership.

Additionally, the council is looking to improve transparency and communication regarding housing metrics and data. A dashboard is in development to provide the community with clear insights into housing investments and progress.

As Raleigh moves forward, the focus remains on creating effective strategies to tackle homelessness and enhance affordable housing options, ensuring that all residents have access to safe and stable living conditions. The council plans to continue these discussions and engage with the community to refine their approach in the coming months.