Town of Chapel Hill Now Accepting Applications to Create Affordable Housing Opportunities
Chapel Hill, NC – The Town of Chapel Hill is accepting applications to create affordable housing opportunities in the community through noon Friday, August 30, 2019.
Awards will be made from the Town’s Affordable Housing Development Reserve (AHDR), established by the Town Council in March 2015. Since its creation, the Town has supported the development of 286 units of affordable housing with funding from the AHDR.
The total funding available this fiscal year in the Affordable Housing Development Reserve is $688,395.
The Town of Chapel Hill will accept applications for the following priority project areas:
- Land bank and land acquisition;
- Rental subsidy and development;
- Homeownership development and assistance;
- Future development planning
The Town’s Housing Advisory Board will evaluate applications and present a funding recommendation to the Town Council for final approval in September 2019. There will be up to two additional funding cycles this fiscal year (July 1, 2019 – June 30, 2020).
New this year, the Town is rolling out a streamlined application for all local affordable housing funding sources, including the AHDR. To access the application and learn more, visit: https://www.townofchapelhill.org/town-hall/departments-services/housing-and-community/funding/affordable-housing-development-reserve
The Town of Chapel Hill has over 50 years of strong commitment to affordable housing, starting with the development of our first public housing neighborhood in 1967. Today, the Town owns and manages 336 public housing units for low-income residents, serves as a national leader in inclusionary housing, and is initiating innovative approaches to affordable housing through collaboration and financial investment.
The Chapel Hill 2020 Comprehensive Plan is a reflection of the values, aspirations, and ideas of the community. Affordable housing was identified as one of the key values of the community. The Town is working to implement this strategy to help realize the community’s vision for Chapel Hill.
