The Town of Chapel Hill is accepting applications to create affordable housing opportunities in the community through noon Friday, December 21, 2018!
Applications are due by noon Friday, December 21st.
The Town of Chapel Hill is accepting applications to create affordable housing opportunities in the community through Friday, December 21.
Awards will be made from the Town’s Affordable Housing Development Reserve (AHDR), established by the Town Council in March 2015. The total funds currently available in the reserve are ~$454,000.
The Town’s total budget available for affordable housing projects for FY19 is $1.43 million. The Affordable Housing Development Reserve is $754,121 of that FY19 total. It is made up of $688,395 in new FY19 funding and $65,726 that was not allocated in FY18. The Town already committed $150,000 from the AHDR in FY19 to Self Help for the Northside Neighborhood Initiative and $150,000 for future development planning on Town-owned properties.
The Town of Chapel Hill will accept applications for the following priority project areas:
1. land bank and land acquisition
2. rental subsidy and development
3. homeownership development and assistance
4. future development planning
The Housing Advisory Board will evaluate applications and present a funding recommendation to the Town Council for final approval in February 2019. There may be up to two additional funding cycles this fiscal year (July 1, 2018 – June 30, 2019).
Applications and additional information is available at http://www.townofchapelhill.org/town-hall/departments-services/housing-and-community/funding/affordable-housing-development-reserve.
For assistance and information, contact Sarah Vinas at 919-969-5079 or svinas@townofchapelhill.org.
