Chapel Hill Celebrates New Affordable Housing

With renovations complete, the first residents will be moving into their new homes this May.

Post Date:05/01/2019 2:50 PM

AFFORDABLE HOUSING RIBBON CUTTING

SYKES STREET DUPLEX

Elected officials, affordable housing organizations, and community members gathered on Monday, April 29, to hold a housewarming event and celebrate the opening of a new addition to Town’s permanently affordable housing stock.

The newly renovated quadraplex in the Northside neighborhood is the latest addition to the Town of Chapel Hill’s Transitional Housing Program stock.

The Town’s Transitional Housing Program is designed to assist low-income families working towards their housing and financial goals to transition from subsidized housing to homeownership or renting on the private market.

 

COLLABORATIVE EFFORT

The new four-unit affordable housing property was created through a partnership between the Town of Chapel Hill and the Northside Neighborhood Initiative. In 2018, the Town acquired the quadraplex from Self-Help Credit Union through the Northside Land Bank and used Community Development Block Grants to conduct extensive renovations.

With renovations complete, the first residents will be moving into their new homes at the beginning of May.

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