The Town of Chapel Hill is accepting applications to fund affordable housing development and preservation projects in the community through noon Friday, October 1st, 2021.
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 296 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 October 2021. There will be up to two additional funding cycles this fiscal year (July 1, 2021 – June 30, 2022), until funding is exhausted.
The application deadline is 12:00 pm Friday, October 1st, 2021. To access the application and learn more, visit https://bit.ly/32zt4oy.
