The Carrboro Board of Aldermen discussed the rising cost of housing in increasingly walkable, bikeable, livable Carrboro at a meeting Tuesday while considering updates to the Affordable Housing Special Revenue Fund.
The purpose of the updates would be to expand the ways in which the money could be used and clarify standards for eligibility, according to the Aldermen's agenda.
Nate Broman-Fulks, assistant to the town manager, said the updates could provide more flexibility for the town to increase affordable housing in Carrboro, help residents understand the fund's guidelines more easily and create public awareness of affordable housing issues.
Beginning in 2013, several apartment complexes across Orange County stopped accepting Section 8 vouchers from residents. The U.S. Department of Housing and Urban Development Housing Choice Voucher Program, a program also known as Section 8, helps low-income families, the elderly and the disabled afford private housing.
The proposed updates to Carrboro's Affordable Housing Special Revenue Fund would allow the town to provide rental grants to those residents with the vouchers who are relocating to Carrboro because their current apartment complexes no longer accept the vouchers.