Voters in Durham overwhelmingly approved the city’s $95 million affordable housing bond, now the largest housing bond in North Carolina history. Some Durham leaders have called the lack of affordable housing in the city a crisis, with the median home sales price increasing by almost $100,000 since 2014. Some neighborhoods in east Durham have seen property values triple in just a few years.
Supporters of the bond say it would help 15,000 people in Durham find stable housing. It includes a mix of projects that target both low and moderate income families. The $95 million bond is part of a $160 million plan to address homelessness and housing insecurity in the city.
Reporter Jason deBruyn contributed to this report.