South Greensboro Area Plan - Public Review Draft - 9.25.25

for diverse, affordable, and accessible housing options. This initiative is not just about numbers—it’s about building a more resilient, inclusive, and livable Greensboro. A dedicated work group of City staff has been formed to guide the initiative. Their responsibilities include: » Conducting a citywide scan of development opportunities. » Engaging with developers and community partners. » Recommending policy changes and incentives to accelerate housing production. The initiative is structured around a coordinated strategy that brings together public and private stakeholders, including developers, nonprofits, and community leaders. The City is working on: » Identifying available land and underutilized properties. » Reducing barriers to development (e.g., zoning, permitting). » Leveraging public investment to attract private capital. » Supporting infrastructure improvements, including transit oriented development.

What is Affordable Housing? In North Carolina, housing is considered “affordable” when a household spends no more than 30% of its gross income on total housing costs. For renters, this includes rent and utilities; for homeowners, it includes mortgage payments, utilities, property taxes, insurance, and any homeowners association (HOA) dues Affordable housing can be: » Subsidized: Supported by public or nonprofit funding to reduce costs. » Unsubsidized: Naturally occurring in the market, often referred to as “naturally occurring affordable housing” (NOAH). » Restricted: Rent or sale price is limited by legal agreement, often tied to income eligibility, to ensure the housing remains affordable over time. Programs targeting affordable housing in North Carolina typically focus on households earning 120% of the Area Median Income (AMI) or less, with some programs designed for lower income levels. For more information about Area Median Income limits, visit the U.S. Department of Housing and Urban Development’s Office of Policy Development and Research.

≤30% 31%-50% 51%-80% 81%-120% 121%-150% 151%+ Draft ≤$24,900 $24,901- $41,500 $41,501- $66,400 $1,039- $1,660 $66,401- $99,600 $1,661- $2,490 $99,601- $124,500 ≤$623 $624- $1,038 $2,491- $3,113 3,257 2,664 3,232 1,830 2,980 752

Table 8.1 Housing Gap Estimates by Income (2024 to 2029) - Guilford County

Percent of Area Median Income Household Income Range

Total

$124,501+

Rent Range

$3,114+

14,715

Total Rental Housing Gaps

Price Range

≤$80,757

$80,758- $134,595

$134,596- $215,351

$215,352- $323,027

$323,028- $403,784

$403,785+

18,495 33,210

Total For-Sale Housing Gaps

23

29

1,814

2,491

7,719

6,419

HOUSING SUPPLY GAP ANALYSIS 2024, State of North Carolina (Bowen National Research, 2024)

156 / SOUTH GREENSBORO AREA PLAN

Housing & Economy

PUBLIC REVIEW DRAFT - 9/25/25