from the City of Fayetteville
Affordable housing has been and continues to be a national concern for many growing communities. The City has commissioned an affordable housing study to guide the City of Fayetteville’s public investment and provide recommendations to address the housing needs within the community.
Key points and solutions:
- Improve knowledge, awareness, and access to housing needs and resources
Develop housing resources & engage
Support Community organizations
Increase landlord engagement - Expand the supply of affordable, quality housing options
Housing Trust Fund
Public land disposition
Land banking
Provide gap financing
Encourage affordable housing provisions - Preserve existing affordable housing and ensure housing quality
Leverage state preservation programs
Periodic inspections - Support self-sufficiency
Location policy
Support missing middle and infill housing
Down payment assistance
Economic and workforce development
Implementation Timeline - Year one & two – develop housing resources website, provide housing assistance & education, conduct landlord outreach, establish a housing trust fund, identify publicly owned developable land. leverage state and federal funding for housing repair and rehabilitation, create a location policy to incentivize development of housing in priority locations
- Year 3, 4, 5 – support acquisition of property to form a land bank, encourage affordable housing provisions for developments requesting variances from local government regulations, create a periodic residential inspection program to improve housing quality, reduce local barriers for development of missing middle housing and infill housing, enhance down payment assistance program for special populations
