Strategic Initiative: Housing Affordability

Our Goal

For everyone to have a stable place to call home in a neighborhood that is safe and close to where they work, go to school, or find community.

Having heard a desire from our stakeholders to be bold and take a stand on issues to maximize our impact and fully utilize our role as a convener and community leader, we identified housing affordability as a key issue in our region and one in which a community foundation is uniquely suited to support.

As we take this step into community leadership on housing affordability, we are being intentional in listening, learning, and understanding where we can best utilize our unique assets, skills, and relationships to address issues across the housing affordability spectrum. We will partner with strong nonprofits, fellow funders, and others who bring expertise and complementary resources, and strategically deploy assets in support of key issues.

 

Our Theory of Change

Problem Statement: As the Triangle region has grown and become a desirable place to live in the last decade, housing has become unaffordable for many Triangle residents, particularly those whose incomes have not kept pace with the economic growth suggested by current measures, such as Area Median Income (AMI) measures for the region.  

Focus of Change: A coordinated, focused approach that leverages Triangle Community Foundation’s core strengths—strategic grantmaking, convening, and philanthropic leadership—to catalyze regional collaboration and increased investment in safe, stable housing. 

Our Pillars: Desired Outcomes

Increase in the number of rental homes accessible to families making 80% AMI or below through preservation and/or new construction 

Help low-income homeowners stay in their homes through home repairs, property tax relief efforts, and other promising strategies

Increase the number of acres of land set aside for affordable housing in the Triangle 

Our Investments: Strategies and Tools

  • Grantmaking: Fund for the Triangle ($1.3 million by 2030)
  • Grantmaking: Philanthropic Partners ($5 - $10 million by 2030)
  • Triangle Impact Fund ($10 - $50 million by 2030)
  • Convening, Education, and Awareness-Building

What We're Doing

Convening

Spring 2025: Hosted four county convenings followed by a regional gathering to understand the nuances of housing affordability in communities across the Triangle and begin to strategize.

Spring 2026: Join us for What Matters: Housing Affordability, bringing together hundreds of community members from across the Triangle to learn about and be inspired to take action on this issue. Click the logo to learn more and purchase your ticket!

Investing

Spring 2025: Launched our inaugural discretionary grant program addressing housing affordability, committing $375,000 in grants to 15 nonprofit organizations across the Triangle.

2025-2026: Identifying and testing opportunities to deploy assets through impact and program-related investments to support housing affordability initiatives.

2025-2026 Housing Affordability Grantees

Our inaugural group of 15 grantees were collectively awarded $375,000 in one-year general operating support grants.

Read the blog post announcing our grantees and click on grantee logos to learn more about each organization!

Chatham Habitat for Humanity

Chatham Habitat works in partnership with people to create self-help opportunities for families to own affordable homes, improve their lives, and strengthen their communities. Homes are built using staff and volunteer labor, and are sold to qualified applicants who earn between 30 and 70% of AMI through 30-year, 0% interest loans.

Community Empowerment Fund

The mission of the Community Empowerment Fund is to cultivate opportunities, assets, and communities that sustain transitions out of homelessness and poverty. Our approach combines person-centered support with financial services that pursue equity in order to reduce the racial wealth gap.

Community Home Trust

Community Home Trust delivers housing affordability to diverse populations in partnership with our communities. Our vision is a world in which barriers are removed for those wanting a home they can afford, where the supply of those homes keeps pace with the demand, and all individuals have long term access to a safe home where they can thrive, work, and grow. Our work is guided by these core values: We care about our homeowners, tenants, and the community we share. We seek out new and innovative opportunities and solutions to partner and serve. We want our organization to reflect our community and we hold ourselves accountable to building a diverse and inclusive organization. We promise to act on that commitment and respect each other in the process. We are committed to excellence in our work and we invest in each other and our team. Our community and our workplace are safe, encouraging, equitable spaces, and we always support each other. We are open to criticism if it makes us better.

Durham Community Land Trustees

The mission of Durham Community Land Trustees (DCLT) is to build strong communities by developing, managing, and advocating for permanently affordable housing that offers low- and moderate-income residents a stable foundation for achieving economic security. Conducting development without displacement, DCLT works at the intersection of housing and environmental justice, climate resilience, wealth-building, and accessibility.

Families Moving Forward

The mission of Families Moving Forward is to help families in the crisis of homelessness find their way home. We provide temporary housing, case management, skills education, and connection to community resources to help parents and children thrive in stable homes.

Hope Renovations

Hope Renovations builds futures and transforms lives with a dual mission: preparing underemployed women and gender-expansive individuals for construction careers and helping older adults age in place with dignity.

Housing for New Hope

Housing for New Hope’s mission is to end homelessness one valuable person at a time. Our vision: Housing for New Hope creates and continually improves innovative, data-informed programs shaped by client feedback and responsive to evolving community needs. We encourage, motivate, and enable individuals and families experiencing homelessness to take their next best step toward long-term, stable housing with an array of supportive housing and affordable housing options. We connect our most vulnerable neighbors to housing and hope.

Marian Cheek Jackson Center

Our mission is to honor, renew, and build community in Northside, Pine Knolls and Tin Top, historically Black neighborhoods in Chapel Hill and Carrboro, NC. Like residents in similar low-income communities across the country, Northside neighbors are facing market pressures resulting in instability, displacement, and, often, a sense of defeat. We ally with neighbors to respond with what we call community-first planning: we put community knowledge, visions, and values first in every aspect of our work. Our approach is abundance based. Beyond meeting community needs and bridging assets, we build on deep networks of care, long histories of courageous leadership, and rich traditions of creative community to revive the vibrant, diverse, affordable, and family-friendly neighborhoods our neighbors prize. Our vision is Beloved Community: a world of creative reconciliation, hard-won rights, and abiding love and respect of which we may be a means.

North Carolina Housing Coalition

Our mission is to lead a movement to ensure that every North Carolinian has a home in which to live with dignity and opportunity. Our vision is a North Carolina with just and affordable communities.

Oak City Cares

Oak City Cares is a public-private partnership that exists to support the self-determination of our neighbors experiencing homelessness through trusting relationships and connections to coordinated services that increase their ability to be safely and stably housed. No person should experience homelessness alone. Oak City Cares is a gathering space where we listen to, connect with, and serve persons at-risk or experiencing homelessness so they can quickly reestablish a home.

Pee Wee Homes

Our mission is to create dignified, affordable, tiny homes in a caring community for and with people transitioning out of homelessness. We build and maintain deeply affordable rental homes for individuals earning 30% or less of the area median income (AMI), prioritizing those who have experienced chronic homelessness and elders. Our work goes beyond housing by connecting residents to critical community resources that support their long-term success. We envision a community of permanently affordable housing that places residents in a supportive environment to promote independent living in safe, accessible conditions. By 2030, we aim to build 20 tiny homes, expanding our impact through small clusters and community village models. Pee Wee Homes values housing equity and sustainability to ensure that residents can access stable, safe, and accessible homes. We strive to develop innovative, replicable models that expand affordable housing options and supportive communities across the region.

Preserving Home

Preserving Home, Inc. (PH), formerly Rebuilding Together of the Triangle, Inc., is dedicated to ensuring safe and healthy homes for vulnerable residents. As a 501(c)(3) charitable nonprofit and a licensed general contractor, we preserve the homes of seniors, individuals with disabilities, veterans, and families with children through collaborative partnerships with local communities. Our mission is to preserve the homes of vulnerable neighbors through collaborative partnerships with local communities. We achieve this by focusing on repairing and improving existing affordable homes, recognizing that this is a cost-effective strategy for preserving vital community assets. Preserving Home envisions stable communities with homes that support the needs of those living in them. We work towards this vision by delivering comprehensive home repair services, ensuring that these homes are not only safe and healthy but also tailored to meet the unique needs of those who live within them.

Raleigh Area Land Trust

The Raleigh Area Land Trust (RALT) expands affordable homeownership opportunities for families with low to moderate incomes so that they are able to live or remain in the communities of their choice. Our vision is to protect neighborhoods from the affordable housing crisis by ensuring working families can afford to live in their community and by keeping homes in their community affordable for generations using the Community Land Trust (CLT) model. Our work is driven forward by our values—dedication to racial equity, commitment to community, collaboration with our homeowners, and permanent affordability.

The Hope Center at Pullen

The Hope Center at Pullen empowers emerging adults who are transitioning out of foster care in Wake County with the support and connections needed for a safe and stable adulthood. Our vision is to build a community where a person’s history in foster care does not limit their future.

United Way of Chatham County

UWCC tackles critical challenges, focusing on poverty, housing instability, and educational inequities. We envision a community where all residents can thrive. In 2023 we launched our Bold Goal Program: to end and prevent poverty for 2,000 people in 2,000 days (2030). This transformational approach reimagines the traditional United Way model, shifting from short-term, transactional solutions, to fostering systemic change through collaboration and innovation. The Bold Goal Program strengthens our partner agencies by building capacity, facilitating collaboration, and addressing service gaps through co-created, sustainable solutions. Guided by our Theory of Change, we work toward five critical outcomes: increasing earned income for households; ensuring housing stability; supporting educational success for children in poverty; aligning partner programming for systemic change; and advocating for expanded opportunities for economic success in Chatham County.

Featured Stories

Grantee Week Day 5 – Housing Affordability

To round out Grantee Week we are excited to share the inaugural grantees of our Housing Affordability grant program. During Triangle Community Foundation's most recent strategic planning process in 2024, ...
Solutions to the lack of affordable housing and rising homelessness in our Triangle communities require regional collaboration across many fields. Triangle Community Foundation is bringing those stakeholders together and funding nonprofits that can make a difference.
Solutions to the lack of affordable housing and rising homelessness in our Triangle communities require regional collaboration across many fields. Triangle Community Foundation is bringing those stakeholders together and funding nonprofits that can make a difference.

WRAL Featured Article | Housing

Questions?

Sarah Guidi

Job Title(s)
Director of Community Engagement
Phone
919-474-8370 ex. 4014