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Raleigh Residents Should Vote in Favor of the Housing and Transportation Bonds
Posted By Tazra Mitchell On October 10, 2011 @ 5:00 pm In Uncategorized | Comments Disabled
Raleigh residents vote tomorrow, October 11, on bonds for affordable housing and transportation. At a time when Raleigh residents continue to pay higher rent prices  amidst dwindling incomes , seniors find it more and more difficult to stay in safe homes, and the state faces a deteriorating infrastructure  problem, voters have an opportunity to support programs that lead to better long-term economic growth. Moreover, record-low interest rates  and high unemployment make now an especially cost-effective time to borrow and invest in the city of Raleigh.
Under the housing bond , city officials would provide low-interest loans to developers to rehabilitate and build affordable housing. Some of the funds would also assist making housing affordable for seniors, provide relief assistance to tornado victims, and support neighborhood revitalization. Raleigh voters previously approved of three hosing bonds—in 1990, 2000, and 2005—which supported the development of 2,788 units  of affordable housing.
The transportation bond  is multi-modal, meaning that financing would be available for more than just roads. Financing would be available for other transit-oriented projects, including building and repairing sidewalks, improving bus stops and transit stations, and creating additional bike lines among other measures. Accessible and affordable transportation not only creates healthy, connected neighborhoods, but it also improves access to economic opportunities—such as employment and education prospects.
More important than ever, Raleigh needs to continue to build strong neighborhoods and invest in multi-modal infrastructure if it is to remain economically competitive.
Article printed from The Progressive Pulse: http://pulse.ncpolicywatch.org
URL to article: http://pulse.ncpolicywatch.org/2011/10/10/rraleigh-residents-should-vote-in-favor-of-the-housing-and-transportation-bonds/
URLs in this post:
 pay higher rent prices: http://www.raleighpublicrecord.org/news/2011/07/21/raleigh%E2%80%99s-housing-picture/
 dwindling incomes: http://www.ncjustice.org/sites/default/files/BTC%20Brief%20-%20Poverty%20Grows%20Opportunity%20Declines_final.pdf
 deteriorating infrastructure: http://www.ncdot.org/download/projects/ncbridges/webstats.pdf
 record-low interest rates: http://www.washingtonpost.com/blogs/ezra-klein/post/an-opportunity-we-cant-afford-to-miss/2011/08/25/gIQAHtWPpJ_blog.html?wprss=ezra-klein
 housing bond: http://www.raleighbonds.com/housing/
 2,788 units: http://www.habitatwake.org/getinvolved/bonds.html
 transportation bond: http://www.raleighbonds.com/transportation/
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