You have to both own and occupy to be eligible according to the website.
Ah right, my bad. I think the city helping homeowners who canāt afford tax increases or home maintenance, as well as providing affordable houses to buy and rent is about all I would expect. Iām not sure Iād want them to help landlords.
Being a landlord is a job that provides profit to the owner of a house, and they should presumably be budgeting to improve and maintain the homes they own. This is why I prefer larger rental management companies, they understand that itās a business where maintenance is part of their costs, rather than seeing it as free money.
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I think itās more complicated than that. For example, when taxes go up, rents go up. When the property is improved, the value goes up and the rent goes up. I donāt know the financial model that affordable housing landlords use, but I can imagine having a reasonable working reserve could be tricky to actually implement because you are essentially asking tenants to fund improvements that may never benefit them.
Other than a landlord sitting on a property and waiting for its land value to increase while not worrying about how to really generate income from it monthly, I donāt see any business model that makes sense without public subsidy for a landlord in a rapidly growing market like Raleigh.
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I think section 8, if everyone who was eligible for it actually got it, tackles that issue. It just needs to actually cover everyone whoās eligible, rather than less than a quarter. A guaranteed rent payment for market-rate housing with fairly strict living standards.
The stop light at the corner of East and David has been converted to a 4-way stop. This is similar to what they did at West and South.
I think converting some of these quiet intersections from lights to stop is a good idea and can increase safety of peds crossing and slows through traffic. I wonder if theyāll do Bloodworth at Cabarrus next. Seems like a logical choice.
Any others thatād be good candidates?
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Technically itās West and Lenoir the pulled the stoplight and put in a 4-way stop.
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Close enough! Haha get those two mixed up a lot.
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Oh, right at Transfer Coā¦ nice! I would think (knowing how I drive), at a stoplight you look at the light, waiting for it to turn green, and can miss a pedestrian in a cross walk or corner if youāre being careless. Whereas with a four way stop, you would hopefully stop and then look at the other parts of the intersection before continuing. So definitely seems good for pedestrians.
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Has this pad been for sale? Seems like they still want to build the original planned structure but donāt have anyone to actually own it?
Edit: Iām confused, it seems this is how it was always planned. Just saw it posted on LinkedIn like the listing was brand new.
So if Iām understanding correctly, thereās a full plan set and potential tenant for one floor but someone needs to buy the plot of land still?
Who paid to have the drawings done then?
And why hasnāt this been built after all this time? This is becoming my 400H white whale. Maybe weāll be surprised eventually
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And it looks like the permit is nearly ready to go too: CSS
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So the Saxapahaw general store is dead?
Could be that middle floor tenant that they said is ready to go if desired. Looks like that middle floor has ground level frontage on the side and back so that could work.
tried to tell yall this was a joke 14 months ago.
seems like they are trying to do anything to use someone elseās money to build this.
Yup. Monarch=CityPlat
Iām hearing CityPlat may be giving up the illusion they are a development company, and focus on what theyāve always been, Land Brokers. 
.
And no one should be surprised by Monarch, I always thought the General Store was a strong maybe at best. There were times they almost bailed on the Transfer during construction.
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Think they have their eggs on the 2 million dollar spec home at corner of Cabarrus and Chavis.
I just took a break and walked the block maybe 5 minutes ago. Surprised we didnāt see each other.
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Seems appropriate to reply to the original post that Locals was moving into Transfer with this pic of them fully vacated.
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