Goal
Create 1,500 new affordable housing units by 2026.
Definitions
Assumptions
Strategies (6) & Tactics (19)
1) Generate more funds to create affordable housing.
Timeline
Committee Members
Contact
For questions, contact Chamber Director of Community Engagement and Assistant to the President, Jenson Anderson.
Create 1,500 new affordable housing units by 2026.
Definitions
- Affordability: An individual spending no more than 30% of their pre tax income on housing.
- Qualification: People making up to 120% AMI (with no more than 300 units for folks earning more than 80% AMI).
- Location: Within all of Orange County and a 20 minute commute radius of UNC.
Assumptions
- $75,000 of local subsidy: 1 permanently affordable unit.
- $150,000: 1 permanently affordable unit.
- $150,000: $420 rent subsidy per month for 30 people for 1 year.
- $150,000: $420 rent subsidy per month for 1 person for 30 years.
- 1 acre: 12 affordable housing units
Strategies (6) & Tactics (19)
1) Generate more funds to create affordable housing.
- Pass $30 million in county and municipal affordable housing bonds.
- All local governments dedicate at least 1 penny of property tax revenue to affordable housing.
- Create and staff a County (or Regional) Housing Trust Fund.
- Allow affordable housing in specific areas within the Rural Buffer.
- Acquire mobile home parks for preservation or redevelopment of affordable housing.
- Formally designate affordable housing development zones and create a regional map of these zones.
- Build on county, municipal, and public school owned land.
- Build on UNC and UNC Health owned land.
- Build on land owned by religious organizations and other non profits.
- Projects with 50% or more units affordable will receive all legislative and quasi judicial entitlement decisions in 3 months.
- Meaningful density bonuses are given to affordable housing developments.
- Revisit land use standards including but not limited to: minimum lot widths, parking, and setbacks to increase units per acre.
- More Employer built housing (e.g. faculty housing).
- More Employer direct rent subsidy for employees.
- More Employer down payment assistance for employees.
- Expand property owner/manager incentives and bonuses for accepting vouchers.
- Prevent discrimination based on a household's source of income.
- Duplexes and Triplexes are permitted uses in most zones with limited exceptions for NCDs.
- Accessory Dwelling Units (ADUs) are permitted in most zones with limited exceptions for NCDs.
Timeline
- Aug 2020-Dec 2021: Housing committee met (almost) monthly
- January 2022: Draft report and recommendations finalized
- February 2022 - May 2022: Soliciting feedback and meeting with key stakeholders
- June 2022: Final report printed and distributed
- Ongoing: Monitoring and tracking
Committee Members
- Aaron Nelson, The Chamber For a Greater Chapel Hill-Carrboro
- Alice Jacoby, Orange Habitat
- Allison De Marco, UNC School of Social Work
- Allison Freeman, UNC Center for Community Capital
- Ben Edell, Eller Capital
- Bruce Warrington, UNC Real Estate
- Delores Bailey, EmPOWERment
- Dan Levine, Self Help
- Eliazar Posada, El Centro Hispano
- Emila Sutton, Orange County
- Holly Fraccaro, Home Builders Association of Durham, Orange, and Chatham Counties
- Jason Dell, Bold Construction
- Jennifer Player, Orange Habitat, Committee Chair
- Jess Brandes, CASA
- Leigh Kempf, Merrill Lynch
- Loryn Clark, Town of Chapel Hill
- Kimberly Sanchez, Community Home Trust
- Mark Shelburne, Novogradac
- Melvin Hurston, UNC Hospitals
- Michael Rodgers, DHIC
- Michael Webb, UNC Center for Urban & Regional Studies
- Nicole Galiger, Acorn & Oak
- Rebecca Buzzard, Town of Carrboro
- Sarah Viñas , Town of Chapel Hill
- Yolanda Winstead, DHIC
Contact
For questions, contact Chamber Director of Community Engagement and Assistant to the President, Jenson Anderson.