Saving Raleigh’s Last Affordable Housing | Raleigh News

A nonprofit is stepping in to save Raleigh’s last stand of truly affordable housing — a 50-unit complex in Biltmore Hills, bought for $6.5 million and set for a $4.7 million renovation to keep longtime residents in their homes. Once home to Black families during segregation, this historic complex is now part of a desperate fight against the city’s affordability crisis: rents that once hit $1K/month are now a rarity, with most new units priced out of reach. With federal tax credits, city and county funds, and loans, Preservation of Affordable Housing is preserving the buildings and keeping rents low — while adding on-site services like job help and financial coaching. This isn’t just a renovation — it’s a lifeline for working families in the Triangle. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8716fd089ffd00c8