The rise of apps like AirBnB brought on the issue of short-term rentals to many communities, including Raleigh. In fact, city council has been debating the issue since 2015, with no clear solutions.
I believe your property belongs to you. As long as you do not harm others, you should be able to utilize your property the way you choose. Short term rentals are not only useful for AirBNB, they permit families to improve their financial outlook and aid the glut of affordable housing options. Increased income means a great deal to families as they work to provide for the future. Hotels provide base level housing opportunities for which there is no competition. Short term rentals throughout the city will ease transportation by enabling renters to be closer to work and create price competition for more healthful transition housing.
- As with all new areas of industry, creating a coalition is done by finding those various groups who want to support the cause. Part of my agenda is to increase the stock of affordable housing options at a spectrum of prices, to codify construction standards and instantiate zoning categories for other Accessory Dwelling Units. There is a great coalition of community advocates ready to assemble around this opportunity. Those various groups have not been identified or assembled. As your city councilor, I will make this a priority.
- Short term rental agents providing less than 90 days of rents per unit per year should be subject to a bi-annual health, safety, and fire inspection provided by the homeowner's insurance company. Safety should not be compromised for tenants who may have little ability to pursue unethical agents during their short stay. However, the cost of managing or enforcing inspections should not become a burden of the city. Liability should remain with the agent and insurer and be multiplied for those failing to obtain the periodic safety inspection. Agents providing more than 90 days of rent per unit per year should register as a business and be bound by standard local business requirements.
The nasty little secret of rules and law intended to help the problem they have served to herd the poor into manageable neighborhoods. Those manageable neighborhoods repel investors until values become so depressed that they simply can’t help themselves. When affordability evaporates we end up with average home prices in the $300,000.00 range like Cary. Raleigh soon will suffer the same disease.
- The city should enable and reward the construction of diverse home sizes. These rules made the wealthy neighborhoods tidy and tax windfalls for the city but co-created zones rife with poverty. Cities that successfully address affordability successfully have greatly reduced zoning restrictions and architectural requirement, yet still those cities continue to boom. We can be a boom town and EVERYONE can be part of the increase. Its old thinking that keeps things stuck as they are.
- Permanently cap property tax for adults 65 years and older. Upon death, property tax will remain for 3 years to help family members to keep inherited property in the family and maintain community structure. If the family chooses to sell the inherited property, taxes would adjust with the sale.
- Pause increases to property tax for homes valued 66% of Raleigh median until tax on those homes fall to 75% of the standard.
- Calculate housing affordability based on Raleigh’s economic condition. Instead of only using the HUD 80% calculation of median, also use 60% of median price to have a better understanding of this crisis.
- Increase zoning density for all property in North Raleigh first and dramatically so for undeveloped land.
- Increase zoning density throughout Raleigh and permit granny cottages, mini homes, and short term rentals.
- Conceptually reformulate the thinking of city based affordable housing and transportation to recognize that affordable units should be as disbursed as reasonable, permitting Raleigh’s citizens to live near their work and allow their children to attend the best schools.
- Reframe the thinking of city-based affordable housing and transportation to recognize that affordable units should be reasonably dispersed, permitting Raleigh’s citizens to live near their work and allow their children to attend the best schools.