Forever Home, Durham will have a significant impact on housing affordability in Durham. The program established the following expectations in 2019 to: create and preserve 2,400 affordable rental homes, create 400 homeownership opportunities, house 1,700 residents experiencing homelessness, and offer services and financial assistance to stabilize over 3,000 renters and owners in their current homes. While these milestones are important, even with this investment, there is much more work to be done to address the large-scale, complex challenges related to affordable housing in our City. According to the NC Coalition to End Homelessness, 48% of renters have difficulty affording their homes in Durham County. Addressing their needs, as well as the needs of low-income homeowners, homebuyers, and residents experiencing homelessness, requires a multipronged strategy. In addition to a continued commitment to housing security and affordability, there must also be a focus on racial and ethnic inequalities, economic development, and the creation of quality jobs. Forever Home, Durham is just one piece of the puzzle.
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