Chapel Hill wants $10 million for affordable housing. Here’s where the money could go.
October 19, 2018
After a successful partnership between DHIC and the Town of Chapel Hill to build Greenfield Place, affordable apartments for families and individuals, and Greenfield Commons, a 69-unit apartment community currently under construction that will be available for adults age 55 and older, the Town wants to replicate the Greenfield model and create more affordable housing in Chapel Hill. They are asking voters to approve a $10 million affordable housing bond on the November 7, 2018 ballot.
The money could help build 400 new housing units and preserve 300 existing units over five years. The Town Council will accept proposals if the bond is approved and decide which ones to fund.