Council conditionally backs Duplex Village plan, authorizes $2.88M in gap financing

Raleigh City Council · January 7, 2026
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Summary

Raleigh staff recommended the Blue Ridge Atlantic team as development partner for Duplex Village in East Raleigh; council conditionally committed $2,880,000 in gap financing, approved a long-term ground lease and authorized staff to execute loan and lease documents.

City staff recommended the Blue Ridge Atlantic development team, partnered with the Raleigh Housing Authority, as the top-scoring proposer for the Duplex Village affordable housing project in East Raleigh, and the council approved staff's recommendation on Jan. 6.

Pat Dawson of the Housing & Community Development Department described the competitive evaluation (14 proposals submitted), scoring that weighed depth of affordability, developer experience, project viability and bonus points for emerging developers. The recommended proposal would deliver about 120 affordable rental units and include 35 project-based vouchers targeted to households at 30% of area median income (AMI); staff said 30% AMI equals $27,900 for an individual and $39,800 for a family of four and noted many voucher holders’ incomes are lower on average.

Council voted to approve a conditional commitment of $2,880,000 in gap financing, to authorize the necessary budget transfer, and to enter a long-term ground lease and execute loan and ground lease documents with staff. Council discussion focused on project viability, unit counts and design compatibility with transit-oriented development goals along the planned BRT corridor.

Why it matters: The site is city-owned land acquired with proceeds of the 2020 affordable housing bond and is adjacent to planned BRT improvements. Council and staff framed the decision as advancing the city’s priorities for deep affordability near transit and preserving naturally occurring affordable housing sites.

Next steps: Staff will finalize financing documents, execute the conditional loan and lease instruments, and coordinate construction timelines communicated to council and the public.