Forced: Low Income Raleigh Residents Feel the Real Estate Crisis

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RELEI, North Carolina (WTVD) – Twenty seven days.

Here’s how long it takes for the tenants of an apartment building in Raleigh to find a new home.

Apartments in the southeast of Raleigh, close to MLK Boulevard, have recently been sold. Low-income tenants living there were told last month they must leave by the end of June. Affordable housing crisis in the region and real estate boom worsens the situation.

Unsure tonight how long they’ll have a roof over their heads, tenants at 1107 Garner Road signed a petition to cancel the move to get them out.

“What should I do? Where will I go? ” Josie Banks said. “We don’t have that kind of money. Throwing us out is not fair! “

“There are elderly people here,” said Gloria Colbert. “Some of them don’t have cars. How can they find a place? We want to extend the time. “

The new owners of the residential complex, Trademark Residential, sent letters to residents in mid-May, informing tenants, warning them that their lease would not be renewed.

Renovation work and rent increases are coming. Rentals that many of these low-income residents cannot afford.

ABC 11 did not receive a response to its calls to property management at Trademark Residential on Thursday night. But the Garner Road crisis is another symptom of a larger affordable housing crisis in Raleigh. The current housing boom is exacerbating the situation: Raleigh metro rents are up 6% since April last year. Housing prices rose 12%.

CONNECTED WITH: Raleigh housing stocks plummet 55% and home prices exceed asking price: Zillow

“Why are people from other states trying to oust the locals? It’s not just here, it’s everywhere, ”said tenant Tequila Peebles. “I meet people from Illinois and New York at work and it raises our rent. So you all want to kick out the locals in order to accommodate these nonresidents. “

“Look how long you have to wait to get an apartment. This is four to eight months. We have a month, ”said Mitchell Stewart.

Human rights activist Diana Powell talks about the plight of residents to city and district leaders.

“Nobody wants to be homeless. People are suffering, ”said Powell, executive director of NC Justice Served.

Southeast Raleigh City Councilor Corey Branch spoke to ABC11 by phone about the crisis.

“This is the pressure that (the city) is facing. People are selling, looking for profits, and then new owners come in and say, “Hey, we want to fix this, but people have to move,” Branch said. “But they have nowhere to go. We have to find some kind of empathy and some balance. “

“We may not be able to solve the problem for everyone, but when our elders are hurt and we leave, our children are suffering, it’s time to sound the alarm,” says Powell, a longtime advocate for marginalized residents in the beautifying neighborhoods of the city. , said.

An alarm has been sounded. There are now threads of Garner Road e-mails reaching the Mayor and District Commissioners. But time for residents is passing, and there are no answers yet.

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