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Raleigh’s Affordable Housing Crisis | Durham News
Raleigh’s skyline is about to change as Kane Realty gears up for a $72 million, 28-acre expansion on the east side, demolishing The Pointe at Midtown — home to hundreds of low-income residents — to build luxury towers, retail, a hotel, and 1,200 new homes. With leases being phased out and move-outs starting in months despite over a year’s notice, the city faces mounting criticism for losing its last pockets of naturally occurring affordable housing. While Mayor acknowledges the pain, she admits Raleigh has little legal power to stop the teardowns or help displaced renters — especially under…
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