Available affordable housing is one of the biggest issues facing the City of Greensboro. It is having a significant impact on first time home buyers and renters. The median selling price for a home in Greensboro is up 23% to $269,000. 

In 2016, I championed our largest Affordable Housing bond referendum. I knew we needed to focus on safe, affordable housing. We invested our bond money wisely. When you go to the polls for the City Council General Election on July 26, 2022, you will see another affordable housing bond referendum for $30M. We still have work to do and we need your continued support.

Yesterday I was on a panel hosted by the Community Foundation of Greater Greensboro to tackle the tough issue of housing and look at creative solutions to help address this need. This discussion continued at last night’s City Council meeting. 

We had two housing items on our agenda: 

·       To commit a total of $5M from our 2016 Affordable Housing bond and HOME funds for 168 new housing units.  These would be available to people making less than 60% of our average median income (AMI).  The builders were Affordable Home Management and Trinity Housing Development. 

·       To dedicate $2M of American Rescue Funds to Affordable Home Management and rehab an  existing apartment complex for people making less than 50% AMI.

Both of those items passed 8-0, Councilman Outling again recused himself on important issues for our city.

Click below for more information on Housing GSO.

-Nancy