Raleigh Affordable Housing Bond Referendum (2020): Difference between revisions
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The ''' | The '''2020 Affordable Housing Bond Referendum''' was a voter-approved bond measure that provided funding for affordable housing programs and developments in the City of Raleigh. The referendum appeared on the November 3, 2022 ballot and was approved by voters. | ||
== Early discussion of an Affordable Housing Bond (2019) == | == Early discussion of an Affordable Housing Bond (2019) == | ||
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Formal discussion of a new affordable housing bond began in spring 2019. At the April 16, 2019 City Council meeting, Council Member [[Russ Stephenson]] introduced a proposal directing staff to begin due diligence on a potential affordable housing bond and return to Council with options by June 2019.<ref>{{Cite minutes|title=Affordable Housing Bond – Staff to Perform Due Diligence and Present Options to Council|date=April 16, 2019|url=https://go.boarddocs.com/nc/raleigh/Board.nsf/goto?open&id=B7BSEW7056DE|item=Agenda item|access-date=January 27, 2026}}</ref> | Formal discussion of a new affordable housing bond began in spring 2019. At the April 16, 2019 City Council meeting, Council Member [[Russ Stephenson]] introduced a proposal directing staff to begin due diligence on a potential affordable housing bond and return to Council with options by June 2019.<ref>{{Cite minutes|title=Affordable Housing Bond – Staff to Perform Due Diligence and Present Options to Council|date=April 16, 2019|url=https://go.boarddocs.com/nc/raleigh/Board.nsf/goto?open&id=B7BSEW7056DE|item=Agenda item|access-date=January 27, 2026}}</ref> | ||
Stephenson’s motion called for staff to evaluate two options for a “substantial affordable housing bond” that could be placed on either a 2019 or 2020 ballot. The motion identified guiding principles for staff’s analysis, including geographic distribution of investments consistent with the City’s Affordable Housing Location Policy, support for multiple housing types and income levels, inclusion of both new construction and rehabilitation, use of public-private partnerships, and prioritization of sites near planned high-frequency transit corridors, particularly Bus Rapid Transit. | Stephenson’s motion called for staff to evaluate two options for a “substantial affordable housing bond” that could be placed on either a 2019 or 2020 ballot. The motion identified guiding principles for staff’s analysis, including geographic distribution of investments consistent with the City’s [[Raleigh Affordable Housing Location Policy|Affordable Housing Location Policy]], support for multiple housing types and income levels, inclusion of both new construction and rehabilitation, use of public-private partnerships, and prioritization of sites near planned high-frequency transit corridors, particularly Bus Rapid Transit. | ||
The motion was seconded by Council Member [[Stef Mendell]] and adopted on a 6–0 vote, formally initiating staff work on a housing bond proposal.<ref>{{Cite minutes|title=Affordable Housing Bond – Staff to Perform Due Diligence and Present Options to Council|date=April 16, 2019|url=https://go.boarddocs.com/nc/raleigh/Board.nsf/goto?open&id=B7BSEW7056DE|item=Vote recorded in Council minutes|access-date=January 27, 2026}}</ref> | The motion was seconded by Council Member [[Stef Mendell]] and adopted on a 6–0 vote, formally initiating staff work on a housing bond proposal.<ref>{{Cite minutes|title=Affordable Housing Bond – Staff to Perform Due Diligence and Present Options to Council|date=April 16, 2019|url=https://go.boarddocs.com/nc/raleigh/Board.nsf/goto?open&id=B7BSEW7056DE|item=Vote recorded in Council minutes|access-date=January 27, 2026}}</ref> | ||
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== Future housing bond == | |||
At a community organized by [[ONE Wake]] on July 12, 2025, Council members expressed support for a future housing bond. During the gathering at [[Watts Chapel Missionary Baptist Church]], some vocally committed to a housing bond of $200 million.<ref>{{Cite web|url=https://indyweek.com/news/raleigh-city-council-members-say-they-will-support-a-2026-affordable-housing-bond/|title=Raleigh City Council Members Say They Will Support a Future Affordable Housing Bond|website=indyweek.com|date=July 14, 2025|access-date=January 28, 2026}}</ref> | |||
== See also == | == See also == | ||
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== References == | == References == | ||
[[Category: Bond Referendums]] | |||
[[Category: Affordable housing]] | |||