The Chapel Hill Town Council met Wednesday to discuss new ideas for an affordable housing plan. From new ways to fund new developments and revamping existing units, some town council members said they are fully invested in affordable housing in Chapel Hill.
Town Council member Nancy Oates, who is part of the Council Committee on Affordable Housing, said part of the money will have to come from a bond as well as other new revenue sources. She said Chapel Hill carries expectations for a certain lifestyle that is made possible by people who make significantly less money than their wealthier neighbors.
“We need to make a place for them,” Oates said. “Not view them as people who need our charity, but as people who are respected members of our community who are doing a very important job for us. We need to make sure that we’re doing what we can to make a place for them.”
Town Council member Maria Palmer said when people know exactly where there money is going, whether it be toward affordable housing or other projects they always respond better. She said having a specific plan for the public before a bond referendum is one of several main goals.
Making a financial strategy should be realistic and efficient, town council member Michael Parker said. While there were no fast answers to these questions raised in the work session, Parker said he wants the town to be financially smart while also attaining their goals within the strategy.