The Chapel Hill Town Council unanimously voted to approve more than $660,000 in funding for affordable housing development at its meeting Wednesday.
Affordable housing organizations CASA, Community Home Trust, EmPOWERment, Inc. and Habitat for Humanity requested funding for several projects in Chapel Hill.
CASA requested $300,000 for the Homestead Gardens project, which would host 117 affordable housing units, including 32 rental units. The project intends to serve extremely low-income to moderate-income populations. The location, 2200 Homestead Road, is in close proximity to public transit for residents to use.
Sarah Viñas, director of affordable housing and community connections for the Town of Chapel Hill, said the funding CASA requested is needed in order to secure a $3 million grant for the project. The Housing Advisory Board recommended fully funding the project.
EmPOWERment, Inc. also requested about $248,000 in funding for the acquisition of the Lindsay Street Duplex and for the Gomains House move. The Lindsay Street Duplex would provide two affordable rental units that are move-in ready. The Gomains House move involves moving a house from North Street to a lot that EmPOWERment owns on Gomains Street.
The Housing Advisory Board decided to recommend fully funding the acquisition of the Lindsay Street Duplex but only partially funding the Gomains House move.
Additionally, though the Community Home Trust requested $60,000 for the acquisition of a home on Graham Street, the Housing Advisory Board did not recommend funding this project due to limited funding. The project was not included in the modified recommended funding plan.
Habitat for Humanity requested $150,000 for the purchase of a property in order to build about eight homes and anticipates the project could take approximately eight years to complete.
“This would serve as a land-banking opportunity for future development for them,” Viñas said.