college parkidlewild: Community Development Affects Downtown Raleigh Real Estate
- 05/13/09 01:15 PM
Community Development Affects Downtown Raleigh Real Estate 5/13/2009 - Sarah Tingen What do you think about this? The City of Raleigh is "aquiring" rental homes downtown through a City Owned Housing program and is subsidizing rental rates! The rates for the housing are averaging around $350-$500. The City has an inventory of 170 homes and continues to ensure that reduced rent and "forgivable loans" will be available downtown. Some questions to consider are: Will this affect property values? Will the scarcity of purchasable housing make rents go up and house values appreciate? Will the presense of low income tenants promote crime? … (0 comments)
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