Provide rental housing for families and individuals earning at or below 40% AMI for Wake County funds and at or below 60% AMI for City of Raleigh funds (permanent or transitional housing) or homeownership for families earning at or below 80% AMI ? Be located in Wake County, including the City of Raleigh ? For rental housing only: within walking distance of a bus line (less than 0.5 miles) or have a transportation plan for residents. ? In order to distribute affordable housing throughout all of Wake County, the County, will limit funding commitments to developments within municipalities that contain less than the County average (3.9%) of subsidized housing. These municipalities are: Apex, Cary, Garner, Holly Springs, Morrisville, and Rolesville. Municipalities that contain higher than the 3.9% average of affordable housing can override this policy through written notice from the City Manager, Town Manager, or Mayor, if the affordable housing development is wanted in the city or town. These municipalities are: Fuquay-Varina, Knightdale, Raleigh, Wake Forest, Wendell, and Zebulon.