Wake Forest Housing Affordability Plan - September 2022

TAKING ACTION

HOUSING AFFORDABILITY PLAN | Town of Wake Forest

Strategy 2: Create New Affordable Rental Housing

Public Land Disposition Concept: 317 S. Brooks Street Mixed Income Rental, Mixed-Use

Concept Overview This small downtown site, near Town Hall, is publicly-owned. The site is centrally located and is walking distance to restaurants, convenience stores, and several proposed new developments. The site is also serviced by the Wake Forest Loop and Wake Forest Express bus routes. The site can support about 36 rental apartments, 57 parking stalls, and 6,300 square feet of ground-floor retail. Based on early analysis, about 18 affordable apartments could be built for households earning 60% AMI ($57,420). Alternatively, 36 affordable apartments could be built for households earning 80% AMI ($76,560).

FIGURE 50: 317 S. BROOKS ST. CONCEPT RENDERING

Top Left: Existing Site Aerial

Top Right: Existing Street View Bottom: Concept Image. (Does not represent a real proposal for the site.)

Case Study, graphic or call-out CONCEPT

Little Diversified Architectural Consulting

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