The Carrboro Board of Aldermen voted Tuesday to increase the income range of residents eligible for aid from a local organization that works to help first-time home owners.
Community Home Trust helps first-time home buyers who typically earn less than 80 percent of the median income, about $43,400 for a household of two.
Robert Dowling, executive director of the trust, said the range of incomes the organization serves hasn’t increased since 2003 and decreased 5 percent in 2010.
Increasing the limit would allow the trust to serve those with relatively higher incomes who still need help.
“We’ll be serving the same number of houses, but widening the bracket of who we serve,” Dowling said.
Alderman Randee Haven-O’Donnell said the income bracket had been too restricted, and increasing eligibility would change this.
“We’d be keeping the community economically diverse,” Haven-O’Donnell said. “Obviously we’ve got ends, but to lose that middle would be terrible.”
Alderman Sammy Slade said there would be fewer homeowners under the 80 percent limit when the new income range is imposed since more higher income families would qualify.
Dowling acknowledged this trade-off.