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.

It takes…

3 Jobs

At minimum wage to achieve the Triangle’s living wage of

$19.73/hour

Only…

4%

Of available rental units in the Triangle are considered “affordable” by the local housing authorities

You may need a minimum credit score of …

600

To qualify for a loan as a first-time home buyer in the Triangle.

Community and nonprofit leaders face many challenges when seeking attainable housing placements for the homeless.

6,000

Income based properties are set to expire in the next decade

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

99,400
People are at risk of homelessness in Wake County alone.

Some partners can provide emergency support directly following a crisis; however, most struggle to help their participants secure transitional attainable housing.

Day 0

CRISIS

critical event leads to a participant’s experiencing homelessness

Day 1 - 30

REHABILITATION

Partner takes immediate steps to assist participant experiencing homelessness

Day 31 - 60

DEVELOPMENT

Participant and case manager develop a plan for sustainable financial and personal change

Day 61 - 180

 STABILIZATION

Partner on-boards participant for TPW’s restorative housing program

Month 12 - Month 24

TRANSFORMATION

Participant maintains employment, establishes savings plan, etcetera

Month 24 Onward

INDEPENDENCE

Participant demonstrates consistent employment, establishes good credit, and maintains long-term permanent housing