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Council hears updates on housing projects; manager flags four time-sensitive supplemental financing items
Summary
Council members discussed housing supply, rents and upcoming Durham Housing Authority redevelopment projects; the city manager flagged four supplemental, time-sensitive housing items that will return to council for later action.
Council members discussed recent housing data and three Durham Housing Authority redevelopment projects during the work session, and the city manager flagged four time-sensitive supplemental housing items that will be presented at a future council meeting.
In an extended announcements segment a council member noted recent local and national housing data, saying rental vacancy rates in Durham “are about 12%” and that “absolute rents have gone down in the city of Durham” over the past year. The speaker said those trends support the city’s prior policy choices to expand housing supply.
The same speaker described a recent Durham Housing…
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