$400+ Rent Increase; Raleigh affordable housing residents say they're blindsided by rent increases
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Published 2023-05-25
Residents of the Grosvenor Gardens Apartments said they’re blindsided by a rent hike of hundreds of dollars per month. Resident Andi Drew said she can afford $800 per month and the apartment is close to her job. She received a letter in the mail saying her rent would increase to $1,100 starting July 1.
“Some people it’s [a] 30% [increase],” Drew said. “For me, it’s almost a 50% increase in a month. And, by any measure, that’s not affordable for anyone.”
Drew's latest increase comes after her monthly rent went from $750 to $800 in February. She said she felt even more secure when she heard the city of Raleigh and Raleigh-based nonprofit CASA were buying the building to preserve the apartments as affordable housing.
“I was like, ‘Wow, the city of Raleigh cares about people and affordable housing and I’m safe for now,’ and I really trusted in that,” she said.
Data from the U.S. Department of Housing and Urban Development shows the fair-market rent in 2023 for a studio in Raleigh is $1,213. It’s an increase from $1,038 in 2022.
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All Comments (21)
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This is really terrible. Your city is going to end up having empty apartment buildings, and a lot more homeless people living on your streets. Such greed is shameful. Bless all of you residents.
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This is the same issue all over the country in most cities and large towns!
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CASA: “If we didn’t come in and scare off all the scary companies trying to make these into luxury apartments, all 62 of you would have been bought out by another company that would push you out” proceeds to do that EXACT thing
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What an inventive way to get rid of your low income renters!! Oh, and dont forget to claim that you have nothing to do with the fact that they will be HOMELESS soon!!
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So CASA will run just below fair market price but not do a quick search of their records to find the average income of their tenants to see what would actually be appropriate and doable????? And they don’t think that sounds bad at all?????? And then end by saying “oh yeah we don’t have plans for the money lol we just want it”
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Rent is going to far. To high. Needs regulation. 1.000 for a one bedroom apartment, for a month 😂😂, that use to be ten years ago $450 a month
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Rent was running at a significant deficit Of our 200% profit.
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I wonder if/ how many city leaders got a part of the ownership of that property? The FIX is IN!!!
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Oh, and hmmm...I am not seeing any racist comments in the comments section. I wonder why?????
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That's about right. The cheapest rent in a decent apartment in my area is 1400. Rent increased everywhere
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Remember the video "The Rent is too dang high and ain't going down"....This is why folks need to realize when you don't have control they make changes and your economy has to be prepared.
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Where do they want us to go? The streets that’s where..
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What did CASA do with the $2m it got from the city? How much was the deficit and other than rent hikes, what else was done to address the deficit? Was any of $2m used to offset possible rent hikes? If so, how much?
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Oh the cost of laundry has increased too. I think it’s now $2 to wash, $1.50-$1.75 to dry? It was $1.50 to wash in 2019 (reported by tenant) Most people have WILD issues too. Appliances that don’t work, leaks, etc. bugs most take care of on their own, and even the shower temperatures fluctuate WILDLY. Guests literally struggle to figure out their hosts shower when they stay the night. Imagine living in that confusion every day. For 1100+ YIKES. Other people have the same issue. Plus there is also a peeping Tom that is widely known about by tenants AND management, and they said they couldn’t add in extra security measures for that. So where is the money going exactly?
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“The rental increase was unfortunately a necessity, as this property was running at a significant deficit.” Word? Where specifically? The area of the ledger that contributes to your pocket?? Sure no problem here’s 300+ more dollars because I live in AFFORDABLE housing for fun and actually have beaucoup bucks we have been waiting for someone to just ask for! How convenient for all 62 of those people, most (if not all) who are living in STUDIO apartments that are not very updated, shared laundry space, and plugs that may or may not work, and don’t forget faulty fire escape doors!!! It’s SUPER convenient for all 62 of them to now pay 1100+ for THAT. TOTALLY REASONABLE.
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Which is it? CASA needs to have the raise in rent for improving and sustaining it? Or CASA has no plans with all their new found cash??? Sorry the math don’t math there.
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1100 for a studio wow
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So CASA is increasing the rent solely to line their pockets....cool
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Place looks run down. Replace with brand new luxury apartments. That way at least it's worth $1,100.00. Old plumbing is not worth paying over a thousand per month.
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Rent is a lot higher everywhere else for apartments that nice. Doesn't mean it's right what's happened to the people living there , but they are still getting a good rate. Wages go up prices go up to. If you want a nice apartment expect the up keep to cost more for the property manager. All the labor is going up along with the supplies the labor uses. Wait till Duke energy doubles our electric bill. Then you will panic
