The town of Chapel Hill hosted the first of four workshops on affordable housing at Town Hall Tuesday night. The workshop featured four speakers who detailed the process and challenges of building affordable housing in the town.
“We put these sessions together to talk about affordable housing in a different way,” said Loryn Clark, executive director of housing and community for Chapel Hill.
Session 2: All About Housing: National, State and Local Housing Trends (Feb. 10)
Session 3: The Real Cost of Housing: What it Costs the Town (Feb. 24)
Session 4: Opportunities for the Future: Recommendations and Strategies for AffordableHousing (March 10)
Mark Moshier, a principal at Legacy Real Property Group, said that there is a difference between how a developer can approach affordable housing projects versus housing projects that are sold at market value.
Before an investor puts money into a project, they must weigh the risks and associated costs with the expected cash flow that will emerge when the project is finished, said David Hartzell, a professor of finance at UNC.