Affordable Housing & Community Connections began implementing the Affordable Housing Plan and Investment Strategy in Fiscal Year 2025 and has created this Implementation Update Report to track progress on the Plan’s 14 recommendations. Council approved the Plan in September 2023, which outlines four key focus areas for the Town’s affordable housing work over the next five years.
Key accomplishments in the first two quarters of implementation include:
Town allocated $100,000 to support 132 households in paying their 2024 property tax bill.
Voters approved a 2024 bond referendum dedicating $15 million to affordable housing activities.
Council approved giving staff authority to establish and administer a single Affordable Housing Funding Program for its local funding.
Town and its partners, Self-Help and UNC Health, launched a $20 million Affordable Housing Loan Fund.
Town hired and onboarded 3 new staff.
For more information, contact Town of Chapel Hill Affordable Housing and Community Connections at 919.968.2743 or housingandcommunity@townofchapelhill.org.
