INTRODUCTION
HOUSING AFFORDABILITY PLAN | Town of Wake Forest
Plan Overview
The Wake Forest Housing Affordability Plan seeks to lay a path for expanding housing opportunities that are rooted in analysis and community input. Wake Forest is situated in one of the fastest-growing regions in the United States, leading to considerable population growth for the Town in recent decades. The large influx of new residents has substantially increased demand for both rental and for-sale housing in the community. As a result, many seeking to locate to Wake Forest are unable to find housing that they can afford,
while numerous households of existing residents are at risk of being displaced from Wake Forest and possibly the region. In response to these challenges, the Town of Wake Forest undertook a Housing Affordability Plan to analyze local housing conditions, determine local housing need, explore proven housing affordability strategies, and refine these strategies into practical actions for the Town. The strategies contained herein set the framework for how the Town can work with community partners to make thoughtful, targeted investments in housing.
The Housing Affordability Plan was developed between 2021 and 2022, with regular engagement throughout.
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