Hillsborough-Western Redevelopment

The City of Raleigh is seeking qualified development partners for the redevelopment of a 3.5-acre site located at the intersection of Hillsborough Street and Western Boulevard. The site will be made available via long-term land lease, and the City encourages creative proposals that maximize the potential and efficiency of the site. The redevelopment should include a significant affordable housing component, with at least 20% of the total units set aside for low-income households. The City also encourages the use of sustainability measures and green building practices. Key aspects of the project include: • The site is located along the planned Western Boulevard Bus Rapid Transit (BRT) corridor • The City is seeking a mix of uses, but all proposals must include a significant affordable housing component • The City encourages creative proposals that maximize the potential and efficiency of the site • The redevelopment should include a frontage that complements the BRT corridor and encourages walkability • The City is making available gap financing up to $1,500,000 to support affordable housing units in the project • The selected developer will have the opportunity to obtain Rental Assistance Demonstration (RAD) Project Based Vouchers (PBVs) through a negotiated agreement with the Raleigh Housing Authority (RHA)