The Housing Crisis in the Triangle
There is a shortage of attainable housing with three contributing factors:

Increased Demand
Population growth outpaces attainable housing stock, driving prices upward

Inventory Depletion
Decreasing number of attainable options due to rapid, luxury construction and redevelopment

Displacement
Lower-income households can not afford to live in their historic neighborhoods
Finding a home in the Triangle is nearly impossible for low-income renters and first-time homebuyers.
3 Jobs
At minimum wage to achieve the Triangle’s living wage of
$19.73/hour
4%
Of available rental units in the Triangle are considered “affordable” by the local housing authorities
30%
Rent to Income ratio is now at a 20 year high and is up 1.5% from 2022 with an estimated 10,000 more rentals needed
Community and nonprofit leaders face many challenges when seeking attainable housing placements for the homeless.
6,000
850
“Affordable” housing units will be lost in Wake and Durham counties every year as the housing market continues to grow
10,000
Total rental units in Wake County that are considered “affordable” and not subsidized
Non-profits have efficiencies in helping clients get on their feet after a crisis, but struggle to secure attainable housing during the behavioral Change and Independence phases.
1
day 0
phase:
Crisis
A traumatic life event can cause toxic behavior and may need third-party intervention
2
day 1 – day 30
phase:
Rehabilitation
Immediate steps to remove individual from crisis and treat via a formal rehabilitation plan
3
day 60 – day 90
phase:
Development
Individual works to establish healthy habits and goals under case worker supervision, attempting to prevent relapse.
4
month 12 – month 24
phase:
Change
Individual shows increased levels of autonomy, with an emphasis on job/financial security to ensure maintenance of long-term housing.
5
month 24 on
phase:
Independence
Individual establishes consistent employment, good credit, and record of maintaining long-term housing. May still work with social worker.