Show/Hide

Friday, July 3 is a Town holiday. Chapel Hill Transit will not operate July 4-July 5. Yard waste will not be collected Friday, July 3. The July 4th Community Celebration has been canceled. More Information

 

No mask distribution on Saturday, July 4.

 

Get updates on the COVID-19 coronavirus at townofchapelhill.org/coronavirus.

Affordable Housing Bond

Print
Press Enter to show all options, press Tab go to next option

Senior couple in front of house iStock-144320751

Bond Overview

In November, 2018 Chapel Hill voters overwhelmingly approved a $10 Million affordable housing bond.  The referendum approves $10 million in general obligation bonds to help the Town achieve its strategic plan for developing 400 new affordable housing units and preserve 300 existing affordable units over the next five years. The Town anticipates using the bond funding to support several large-scale affordable housing projects including public housing redevelopment and development on Town-owned parcels.

Eligible Uses

  • Acquisition
  • Home Repairs
  • New Construction

Priorities

  • Rental housing serving households less than 60 percent of the area median income (about $48,300 for a household of 4)
  • Rental housing serving vulnerable populations
  • Housing that achieves long-term affordability
  • Housing located near transit services
  • Projects that leverage other financial resources


Chapel Hill Voters Approve Affordable Housing Bond

Chapel Hill voters expressed their overwhelming approval of a $10 million Affordable Housing Bond Referendum on Tuesday, November 6th, 2018.  The Bond was approved by 72% of voters. 

“We are grateful for our community’s support of this important effort to create a place for everyone in Chapel Hill,” said Mayor Pam Hemminger. 

The referendum approves $10 million in general obligation bonds to help the Town achieve its strategic plan for developing 400 new affordable housing units and preserve 300 existing affordable units over the next five years. The Town anticipates using the bond funding to support several large-scale affordable housing projects including public housing redevelopment and development on Town-owned parcels.

Requests for Proposals will also be issued in order to fund projects developed by affordable housing partners. The priorities established in the Town’s Affordable Housing Plan will guide the selection of the bond-supported projects. The Chapel Hill Town Council will have final approval of all projects.

Family with child's drawing

View Full Site