Issue link: https://townofcary.uberflip.com/i/791946
CHAPTER 2: LIVE 20 Cary's 40+ Year Old Homes in 2012 Cary's 40+ Year Old Homes in 2032 Over me, roads have been widened in Cary to address traffic conges on, and have resulted in nega ve impacts to homes that front these roads. These impacts include more traffic, noise, and losing the sense of character that the narrower road once provided. 2032 2012 Supporting and Enhancing Existing Neighborhoods Need to Maintain Quality Neighborhoods Cary had a significant housing boom over the last two decades accoun ng for nearly 90% of the housing stock. In 2013, Cary had about 4,000 homes that were more than 40 years old, most of them located near downtown. By 2032, it is es mated that 23,000 homes will be 40 years old. These aging neighborhoods will need maintenance and reinvestment to remain a rac ve, safe, and healthy homes. Challenges of Aging Housing and Neighborhoods Over me, neighborhoods do age and change. The aging of a neighborhood brings many things: vegeta on and trees become mature, families grow up, and a neighborhood feels "established." But challenges can also arise. Many communi es across the U.S. have experienced difficulty maintaining older neighborhoods. Issues range from neighborhood disinvestment and housing vacancies to redevelopment that results in resi- dent displacement or structures that are out of character with surrounding homes. As older neighborhoods o en coincide with lower home prices, Cary risks losing homes at the lowest price points with rising property values. At the same me, the increasing age of the housing stock impacts neighborhood qual- ity, par cularly in the Maynard Loop. Redevelopment and infill development can also be opportuni es to reinvest in homes, neighborhoods, and residents. Suppor ng quality of housing and quality of life by encouraging property owners to invest in the maintenance of housing while limi ng displacement will help Cary meet its goal of ensuring all Cary residents can enjoy the full benefits of living in the town. Some neighborhoods in Cary were developed along major roads that have been improved and widened over me. This can o en lessen the desirability of the homes along corridors due to traffic and noise impacts. These contexts might be good oppor- tuni es to evaluate a change to a more appropriate use that fits the changed environment.