Wake Forest Housing Affordability Plan - September 2022

COMMUNITY ENGAGEMENT

HOUSING AFFORDABILITY PLAN | Town of Wake Forest

Plan Outreach

Seventy-three percent of survey respondents think the Town should be somewhat or very involved in creating affordable or workforce housing opportunities within the community. When asked about the range of tools presented in Figure 39, supportive services, home repairs, and encouraging more diverse housing types received the most support.

FIGURE 39: SURVEY RESPONSES TO: SELECT THE STRATEGIES THAT YOU WOULD SUPPORT TO ADDRESS HOUSING AFFORDABILITY

Town or County tax reductions or incentives for affordable or workforce housing

36%

Town or County rental assistance for households below a certain income level

38%

Town or County down payment assistance for first-time homebuyers that work as first responders or in local, state, and federal government Town or County down payment assistance for first-time homebuyers below a certain income level Town encouraging more diverse housing types, which may include accessory dwelling units, duplexes, cottage courts, townhomes, and small-scale apartment buildings

34%

32%

44%

Town modifying development regulations in targeted areas to allow for more housing

22%

Town prioritizing housing development near amenities such as transit and retail

32%

Town or County financial assistance towards home repairs for low and moderate income homeowners

45%

T own or County supportive services to those experiencing eviction, homelessness, and other housing instability

52%

Town or County providing land for workforce/affordable housing

41%

33

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