This Carolina Policy Talk is part of our series spotlighting Affordable housing in the Triangle.
Market-rate housing at all income levels is critical to addressing housing affordability in our region. Housing advocates often refer to this as “small-a” affordable housing. But what about households that cannot afford a market-rate house, no matter how much we flatten the curve on price increases?
For these families, “capital-A” Affordable housing is critical. “Capital-A” Affordable housing includes homes that are government-subsidized, income-restricted, and/or developed with public funds (like tax credits or grants). This funding ensures that purchase prices and rental rates are affordable for low-to-moderate income households (usually defined by HUD’s Area Median Income (AMI) standards).
