Wake County expands plans to address affordable housing crisis
“As home prices and the cost of rent in Wake County continue to skyrocket, local leaders are looking at new ways to provide affordable alternatives.
The Wake County Board of Commissioners will meet at 2 p.m. Monday to sign off on the creation of a 16-member Affordable Housing Advisory Committee, which would be a mix of both housing experts and community members designated to identify ways to expand housing options for the less wealthy.
Currently, around 41% percent of renters in Wake County put 30% or more of their budget into housing, according to the North Carolina Housing Coalition, but 30% is the maximum amount people are advised to put toward a rent or mortgage payment.”