The percent increase of market-rate residential units in the Downtown Municipal Service District (MSD) over a three-year period.

The "Target" is an increase greater than 30%; "Close to Target" is an increase greater than 15%; anything less "Needs Improvement".

The Downtown Development Department (DDD) has marketed available properties that are suited for residential development, which will add 68 new apartments over the next year increasing our market-rate units by 85%. Working with existing property owners and prospective investors, our goal is to position the properties for successful transition and redevelopment. DDD is also working to recruit thoughtful and contextual infill development to grow our economy.

The DDD defines the targets and captures residential property information each Fiscal Year (Jul - Jun) as part of a North Carolina Main Street requirement

The City of Goldsboro strives to attract a healthy balance of development, as downtown residents have the capacity to stimulate the local economy. The estimated economic impact of downtown residents is $9,000 per person, annually, in the commercial business district. This provides a stronger economic environment, reducing risk for investors and businesses.