The Chapel Hill Town Council unanimously approved a new funding plan for affordable housing at its meeting on Nov. 16, which included a new project called the PEACH Apartments.
PEACH stands for Pine Knolls EMPOWERment Affordable Community Housing. The apartments were proposed by EMPOWERment, Inc., a community development organization in Chapel Hill.
Delores Bailey, the executive director of EMPOWERment, Inc., said the apartments will have 10 units intentionally designed to be multifamily and multigenerational. She said the bottom levels of the development will also be built to be accessible for tenants with disabilities.
“We've created these units just so that they are exactly what somebody would want to live in,” Bailey said. “We've taken and paid a lot of attention to the details.”
She said the main benefit of the apartments is the opportunity for people earning at or below 30 percent of the Area Median Income to have a place to live.
“What that means is if a person making $7.25 an hour, who is a grocery store bagger or who is a groundskeeper at UNC, they will be able to afford to live in these units,” Bailey said.
The Inter-Faith Council for Social Service is another organization involved with the PEACH Apartments project.
IFC participated in the House Us Now! rally in September, which also included EMPOWERment, Inc. and several other community organizations.
Quinton Harper, the director of Activate! IFC, spoke at the meeting and said the funding from the Chapel Hill Town Council was a big step forward for affordable housing locally.