South Greensboro Area Plan - Public Review Draft - 9.25.25

08.02 Housing

Introduction

Housing Affordablity

North Carolina faces a significant housing shortage, particularly for affordable rental units. A recent report indicated that North Carolina faces a gap of 764,478 housing units, with 442,118 for-sale units and 322,360 rental units needed in the next five years. Housing to meet the needs of both renter and owner households in the state will most likely involve multifamily, duplex,

The study area contains approximately 7,000 housing units, with approximately 3,700 (half) of those in single-family homes. Median home values are substantially lower than those of Greensboro as a whole ($171,000 versus $260,00), potentially indicating naturally occurring affordability, low demand, lack of amenities, or a wide range of other factors and issues. The age and appearance of existing multifamily developments has raised some concerns from the community and other stakeholders, adding to the complexity and opportunity in the study area. At the time of this writing there are currently at least 2,135 residential units planned within and immediately near south Greensboro (1,062 units within the study area boundary and 1,073 just outside). These are mostly concentrated in three areas: the potential eastern extension of Vandalia Road (958 units), just off Randleman Road between Vandalia Road and Mystic Drive (251 units), and in the Elmsley Drive regional activity center on either side of I-85 (926 units). These projects will provide much needed new housing to meet the growing demand in south Greensboro.

(ESG), and Housing Opportunities for Persons with AIDS (HOPWA), which covers a 3-county area including Guilford, Randolph, and Rockingham Counties. The Consolidated Plan finds that Greensboro is facing a significant housing affordability crisis, with 45% of renters and 19% of homeowners spending more than 30% of their income on housing (see next page). This challenge is compounded by a housing supply that has grown only 3%—lagging behind the city’s 4.3% population growth. Disparities persist, as Black, Hispanic, and Pacific Islander households experience disproportionately high rates of housing problems. Additionally, over 40% of the city’s housing stock was built before 1980, raising concerns about aging infrastructure and lead-based paint hazards. Homelessness remains a pressing issue, with more than 2,700 individuals experiencing homelessness in 2024, highlighting the urgent need for rapid rehousing and supportive services. The Road to 10,000 is a bold initiative launched by the City of Greensboro to support the development of 10,000 new housing units by 2030. This effort is a direct response to the city’s rapid population growth and the increasing demand

and single-family housing alternatives at a variety of affordability levels.

Guilford County specifically needs 33,210 units (14,715 rental and 18,495 for sale). The housing gap information for Guilford County is provided below, showing rental housing gaps spread evenly among all classes of area median income (AMI) and most for-sale housing gaps above 50% AMI. Draft The City of Greensboro’s Consolidated Plan, which outlines its five-year strategy for using federal housing and community development funds to address local needs, was developed during this plan. The June 2025 draft Consolidated Plan covers the time period July 1, 2025-June 30, 2030 and serves as the planning and strategy document for annual allocations of CDBG, Home Investment Partnerships Program (HOME), Emergency Solutions Grant

SOUTH GREENSBORO AREA PLAN / 155

Housing & Economy

PUBLIC REVIEW DRAFT - 9/25/25