The Raleigh City Council has agreed to set aside $6.8 million to revamp Washington Terrace, a privately owned housing community east of downtown Raleigh, near St. Augustine’s University.

Much of the money from the city will come from voter-approved bonds. Raleigh typically has not spent such a large sum on affordable-housing projects.

By redeveloping Washington Terrace, the city would create more affordable-housing units than it has created over the past five years combined.  Read the rest of this article.