Looking for Affordable Housing? Here Are 10 Projects in The Pipeline for The Trialgle.

[00:00:00] [SPEAKER_00]: Hey there listeners welcome back to another episode of Real Estate Talk with Phil where we dive into the real estate market

[00:00:07] [SPEAKER_00]: Trends and all things housing if you haven't already make sure to click that subscribe button on our YouTube channel

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[00:00:18] [SPEAKER_00]: Real Estate Talk with Phil is affiliated with Phil Slezak Real Estate

[00:00:22] [SPEAKER_00]: Brokered by LPT Realty today. We're discussing a fascinating topic about affordable housing

[00:00:27] [SPEAKER_00]: Something that's on the minds of many people in the triangle area right now. This podcast is titled looking for affordable housing

[00:00:35] [SPEAKER_00]: Here are the 10 projects in the pipeline for the triangle

[00:00:38] [SPEAKER_00]: If you're searching for affordable housing options or just curious about what's being developed

[00:00:44] [SPEAKER_00]: This is definitely something you'll want to hear about so what's happening in the triangle in terms of affordable housing?

[00:00:50] [SPEAKER_00]: Let's highlight 10 key projects that are currently in the pipeline and they're spread across some of the most sought-after

[00:00:57] [SPEAKER_00]: Areas in Raleigh Durham and Chapel Hill

[00:01:00] [SPEAKER_00]: Let's break down these notable projects Newburn Crossing in Raleigh

[00:01:04] [SPEAKER_00]: This project will bring affordable housing to the Newburn Avenue corridor with plans to add over 150 units

[00:01:11] [SPEAKER_00]: It's a strategic location that offers easy access to downtown Raleigh making it ideal for those who work in the city

[00:01:18] [SPEAKER_00]: But need affordable living options more square east in Raleigh located near the heart of downtown Raleigh

[00:01:25] [SPEAKER_00]: This development will offer 120 affordable units adding much needed housing options

[00:01:30] [SPEAKER_00]: Close to the city's vibrant cultural and business hubs Hope Village at Method in West Raleigh

[00:01:36] [SPEAKER_00]: This project is particularly exciting as it focuses on revitalizing the historic method neighborhood adding 80 affordable homes

[00:01:44] [SPEAKER_00]: It's a community focused initiative aimed at preserving the area's history while providing new housing opportunity

[00:01:51] [SPEAKER_00]: The cottages of Idlewild in East Raleigh. This development will bring 100 affordable units to East Raleigh

[00:01:57] [SPEAKER_00]: A rapidly growing area that's becoming increasingly popular for its proximity to downtown and emerging amenities

[00:02:05] [SPEAKER_00]: East College Park in Raleigh

[00:02:07] [SPEAKER_00]: Located near St. Augustine's University

[00:02:09] [SPEAKER_00]: This project is set to add over 200 affordable homes

[00:02:13] [SPEAKER_00]: Creating a vibrant mixed income community that supports both students and long-term residents

[00:02:19] [SPEAKER_00]: Duplex Village in Raleigh

[00:02:20] [SPEAKER_00]: This innovative development will introduce 50 duplex style affordable homes in a neighborhood known for its diverse population

[00:02:27] [SPEAKER_00]: And close-knit community feel

[00:02:29] [SPEAKER_00]: Edgmont in Durham

[00:02:30] [SPEAKER_00]: Edgmont is set to bring 180 affordable units to a historic Durham neighborhood

[00:02:35] [SPEAKER_00]: Helping to revitalize the area while maintaining its unique character and charm

[00:02:40] [SPEAKER_00]: Maine and Liberty streets in Durham

[00:02:42] [SPEAKER_00]: This downtown Durham project will convert an underutilized space into 150 affordable housing units

[00:02:49] [SPEAKER_00]: Contributing to the ongoing growth and revitalization of the downtown area

[00:02:54] [SPEAKER_00]: Longleaf Trace in Chapel Hill

[00:02:56] [SPEAKER_00]: Chapel Hill's Longleaf Trace project will add 90 affordable homes in a community known for its excellent schools

[00:03:03] [SPEAKER_00]: And vibrant cultural scene

[00:03:05] [SPEAKER_00]: It's a key development in an area where affordable housing is desperately needed

[00:03:10] [SPEAKER_00]: The Legion Property in Chapel Hill

[00:03:12] [SPEAKER_00]: This project will transform a former American Legion property into 120 affordable housing units

[00:03:18] [SPEAKER_00]: Providing new opportunities for those looking to live in Chapel Hill at an accessible price point

[00:03:23] [SPEAKER_00]: These projects are a testament to the ongoing efforts in the Triangle to address the housing affordability crisis

[00:03:30] [SPEAKER_00]: They show a strong commitment from both public and private sectors

[00:03:34] [SPEAKER_00]: to create more inclusive communities that offer diverse housing options for all residents

[00:03:39] [SPEAKER_00]: It's clear that while these 10 projects are a step in the right direction

[00:03:43] [SPEAKER_00]: There's still a lot of work to be done to meet the demand for affordable housing in the Triangle

[00:03:49] [SPEAKER_00]: But it's encouraging to see that progress is being made

[00:03:51] [SPEAKER_00]: And these developments could provide some relief for those in need

[00:03:55] [SPEAKER_00]: If you're interested in learning more about these projects

[00:03:58] [SPEAKER_00]: Or how they might impact the real estate market in the Triangle

[00:04:01] [SPEAKER_00]: I highly recommend checking out the full article

[00:04:03] [SPEAKER_00]: And of course for more in-depth discussions like this

[00:04:07] [SPEAKER_00]: Don't forget to subscribe to our YouTube channel Real Estate Talk with Phil

[00:04:11] [SPEAKER_00]: Before we wrap up remember if you're looking to buy or sell a home in the Triangle

[00:04:16] [SPEAKER_00]: Programs like our Sold Zero Commission and Buy Your Home Guarantee

[00:04:19] [SPEAKER_00]: Can make a significant difference in your experience and your wallet

[00:04:23] [SPEAKER_00]: Make sure to reach out to learn more about how we can help you navigate this dynamic market

[00:04:28] [SPEAKER_00]: Thanks for tuning in to this episode of Real Estate Talk with Phil

[00:04:31] [SPEAKER_00]: Don't forget to hit that subscribe button on our YouTube channel

[00:04:34] [SPEAKER_00]: So you're always up to date with the latest Real Estate news and insights

[00:04:38] [SPEAKER_00]: Until next time I'm Phil Sleezak signing off

[00:04:41] [SPEAKER_00]: Stay informed and stay ahead in this ever-changing Real Estate Market

[00:04:45] [SPEAKER_00]: Real Estate Talk with Phil is affiliated with Phil Sleezak Real Estate Brokered by LPT Realty