Home Real Estate Forced out: Low-income Raleigh residents feeling the crunch of real estate boom

Forced out: Low-income Raleigh residents feeling the crunch of real estate boom

0
RALEIGH, N.C. (WTVD) — Twenty-seven days. That’s how long tenants at a Raleigh apartment complex have to find a new place to live. The units in southeast Raleigh, just off MLK Blvd., were recently sold. The low-income tenants who live there were told last month they have to be out by the end of June. The region’s affordable housing crisis and real estate boom is making matters worse.

Unsure tonight how much longer they’ll have this roof over their heads, the tenants at 1107 Garner Road gathered outside in the rain for the ABC 11 camera. They came armed with the petition signed by all of them — to reverse the move to get them out.

“What am I gonna do? Where am I gonna go?” said Josie Banks. “We don’t have any money like that. To throw us out — that’s not fair!”

Gloria Colbert added, “You have seniors here. Some of them don’t have automobiles. How are they gonna get to find any place? We want extended time.”

The apartment complex’s new owners, Trademark…

Click here for full article…abc11.com