The information session was the second of four that will take place on the topic of affordable housing.
Dwight Bassett, economic development officer for the town, said housing values in Chapel Hill have grown by 3,117 percent since 1990. During the same time period, incomes have grown by only 332.86 percent, he said.
Bassett said there is a significant unmet demand for affordable housing in the town. Council member Maria Palmer said she has seen the effects of the town’s lack of low-cost housing.
“I know families of three renting half of a two-bedroom apartment,” she said. “If you are working with families in poverty, you know that a lot of people are dealing with housing by doing things that can be unhealthy for the family.”
Bassett estimated that there is an unmet need for 10,921 affordable housing units for households earning 50 to 120 percent of the median income. He said there were 23,827 total housing units in Chapel Hill as of 2010.
“In the 1990s, the middle to lower end of the market was generally well-supported,” Bassett said. “In 2010, we see substantial growth and skewing towards the upper end of the market.”