In a 6-2 vote, Raleigh’s city council gave the greenlight for a private developer to proceed with a high-rise above the new Raleigh Union Station Bus (RUS Bus) facility that won’t include any affordable housing units as originally planned.
Instead of offering some units that would be considered to be affordable at 80 percent of the area median income (AMI), Hoffman & Associates will be allowed to pay $1.56 million into the city’s affordable housing fund and all 385 planned units in the privately-owned building above the bus station will be rented at the market rate.
The vote came as Hoffman & Associates is trying to secure financing for the project before a June 2027 groundbreaking deadline…