Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Wake County announces $5 million seed for housing opportunity fund, highlights gap funding and homeownership assistance
Summary
Chair Susan Evans said Wake County will seed a housing opportunity fund with $5 million, has deployed nearly $18 million in gap funding this year to create or preserve over 600 affordable units, and offers down-payment assistance that has helped about 60 households become homeowners.
Wake County announced a new housing opportunity fund and new investments aimed at easing the county’s affordable housing shortage.
During the State of the County address, Chair Susan Evans said demand for housing in Wake County is larger than supply and that rising construction and land costs make affordable development difficult. To address barriers to acquiring land in areas close to jobs and services, Evans said the county will provide an…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
