Affordable Housing Strategies

Develop intentional strategies, programs, and projects that more effectively facilitate residents' access to the local and regional economy.

Positioned in the Strategic Plan Goal 3: Connected, Engaged, & Diverse Communities - Forever Home, Durham represents a $160 million investment in affordable housing and services for low income Durham residents. Funding sources include:

  • $95 million affordable housing bond approved by voters in November 2019 
  • $65 million in existing and anticipated revenue from City and federal sources (the latter from the U.S. Department of Housing and Urban Development, or HUD)

What Does Success Look Like?

  • 1,600 New affordable rental homes
  • Preserve 800 affordable rental homes
  • Move1,700 unhoused individuals and families into permanent housing
  • Provide 400 affordable homeownership opportunities for low-income homebuyers
  • Help 3,000 low-income renters and homeowners remain in or improve their homes
  • Create $130 million in contracting opportunities for minority and women-owned business enterprises
Forever Home Durham slide deck
conceptual image of small house in grass