The Town of Chapel Hill is making up to $7.8 million available to support Town-initiated and outside agency affordable housing projects. Outside agency applications will be accepted through noon Friday, September 30. Awards will be made from the Town’s Affordable Housing Bond, American Rescue Plan Act (ARPA) funds, and the Affordable Housing Development Reserve (AHDR).
“This is the largest amount of funding made available at one time to support affordable housing projects in Town history,” says Sarah Vinas, director of Affordable Housing and Community Connections. “Now, more than ever, these resources are critical to the Town making progress towards addressing the dire need for affordable housing in our community. We look forward to receiving proposals from community partners through this upcoming process.”
Eligible uses of these funding sources are:
Acquisition
New construction
Home repairs
Land banking (AHDR only)
Future development planning (AHDR only)
Since establishing the AHDR and Bond, the Town has provided support for the development of more than 450 homes in Chapel Hill, deploying more than $10 million to community partner projects.
The Town’s Housing Advisory Board will evaluate applications, and its recommended funding plan will be presented to the Town Council for final approval in October or November of 2022. Access the funding application and learn more here.
The Town plans to hold a virtual information session for potential applicants at 2 p.m. Thursday, September 1. Email Nate Broman-Fulks, nbfulks@townofchapelhill.org, to learn more or register for the information session.
