The Town of Chapel Hill released up to $800,000 to support community partner affordable housing projects on Friday, February 23. Applications will be due at 12:00 pm on Monday, March 18.
Eligible uses of this funding include:
Acquisition or land banking
Planning for future development
New construction and redevelopment
Home repairs
Homebuyer, relocation, and rental assistance
Infrastructure, demolition, and site improvements
In the last five years, the Town has deployed more than $22 million to affordable housing, which is anticipated to support the development of over 350 affordable homes and the preservation of more than 1,000 affordable homes in Chapel Hill.
Town staff will present a recommended funding plan to the Town Council for final approval in April 2024. Access the funding application and learn more here.
The Town’s Affordable Housing and Community Connections Department plans to hold a virtual information session for potential applicants at 1:00 pm Thursday, February 29. Email Emily Holt, Affordable Housing Manager, at eholt@townofchapelhill.org to learn more or register for the information session.
