Fayetteville City Council Adopts “Housing Affordability Study”

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

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Published by Angie Hedgepeth

Angie Hedgepeth, Government Affairs Director for the Association, attends all the local meetings each month, as well as NAR and NCAR meetings, and keeps members abreast of the multiple issues being addressed in local, state and national government. She prepares reports on the meetings she attends and they are included in the weekly "Government Affairs Update".