In Raleigh's Brentwood neighborhood, the city purchased a hotel to combat rising rents and homelessness amid gentrification. The Broadstone Oak City Apartments signal impending changes, prompting city officials to act. Using funds from the American Rescue Plan Act, the city converted Hospitality Studios into 'Studios at 2800 Brentwood.' This initiative aims to maintain housing for current residents and offer affordable options to the growing homeless population, which surged by 200% from 2021 to 2024, reflecting a broader nationwide crisis.
"Due to prior evictions and credit history, many people are turned away from housing. The hotel provides a lower-barrier-for-entry option for those people."
"To preserve tenancy for the folks already living there and to provide permanent housing for Raleigh's homeless population, which from 2021 to 2024 grew by 200%."
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