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  • ABC11 Eyewitness News

    Affordable housing remains a challenge in Durham as thousands of luxury apartments remain empty

    4 days ago

    https://img.particlenews.com/image.php?url=3WXXsU_0vfry2Iv00

    The first day of autumn brought enthusiastic crowds to downtown Durham for Centerfest.

    It happened in the literal shadow of a new residential construction that's happening across the Bull City. The activity is a barometer of Durham's rapid growth at a time when city leaders are hearing from people who are having difficulty as they search for affordable housing.

    "It has gotten a little bit more expensive," said Amit Narawane, a Duke University graduate student. "Our program is trying to hopefully change our stipend a little bit, to account for the cost of living."

    Many of those new apartments downtown are vacant, as even more residential buildings are under construction. First responders, teachers, and other potential tenants wonder now; how much must they pay for housing that's considered affordable?

    'That's a good question. I do see a lot of the new buildings are pretty luxury apartment style. So hopefully they have some different, more diversity in options for different range people who live in Durham," Narawane said. "I guess the percentage of income, as long as it's not getting to 40 or 50 percent, then something more reasonable before that would be fine with me."

    Durham is moving forward with the construction of modern public housing, but the challenge for people with modest incomes is the wait for those units to become available.

    ALSO SEE: Old eastbound bridge on I-440 demolished; Hillsborough Street reopens Monday

    MORE DURHAM NEWS: Durham city leaders weigh options for new larger, more contemporary convention center

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    Comments / 16
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    KA
    2d ago
    There is nothing “luxury” about any of these developments - they’re simply new. Most of the construction is actually shoddy and dated in terms of design with the gray, upon gray, upon gray aesthetic. Developers have been given reign to slap together mediocre structures and charge a premium. I have no doubt many politicians pockets were lined to get away with this blight. My first thought is consistently Roy Cooper - all of this has transpired under his tenure.
    IGHuff
    3d ago
    The real question is, where are developers getting float money to give them the luxury of having high vacancy rates in their units? Under normal conditions, vacant unit rates drop to find a willing renter. Why isn't that happening?
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