CITY OF RALEIGH
ADOPTED CIP FY2017-FY2021
Work Plan Highlights
Implementing the objectives of the affordable housing plan including increasing the supply of
affordable rental units and preserving existing affordable units.
Rental development projects include DHISC’s Villages at Washington Terrace, CASA’s
Sunnybrook Village Apartments, and Taft Development Group’s Wakefield Commons Apartments
totaling 284 units.
Optimize production by utilizing proposed one cent permanent funding source for rental
development and homeowner rehabilitation loans, and continuing to utilize federal funds for
homeowner repair loans, homebuyer loans, neighborhood revitalization, and infill
At this time, staff do not anticipate that any city-funded affordable housing programs will require
ongoing operational support.
Homeowner Rehabilitation: 3,500,000
This program provides financing to low- to moderate-
income homeowners earning at or below 80% area
median income whose homes are in need of limited
repairs or substantial rehabilitation. The homeowner
rehabilitation program allows low income homeowners
the ability to remain in their homes when they are unable
to make necessary repairs. This activity continues the
housing availability goal by mitigating the aging
conditions of existing neighborhoods.
Rental Development: 28,000,000
The rental development program will continue the
City's investment in affordable rental housing for low
income renters by leveraging funds with private and
other public lending institutions. Financing is available
to both non-profit and for-profit developers for the
construction of new rental units or preservation of
existing rental units. Staff expects to increase annual
production of rental units by 100-150 units per year
over the current levels of 200 units per year.