Chapel Hill Approves New Affordable Housing Development

Chapel Hill Town Council approves new housing development, featuring a mix of townhomes and multi-family residences. The project, located at 115 Chapel Point Road, is the third phase of the Carraway Village project. Northwood Ravin, a Charlotte-based firm, will manage the development. The proposal includes ten percent affordable housing units, with eight at eighty percent of the area median income or less and eight at sixty percent. The council prioritized the overall quantity of affordable units over the inclusion of affordable townhomes. The project must also meet the towns one hundred-year stormwater management requirement. Mayor Jess Anderson and council member Theodore Nollert emphasized that the project aligns with community goals of diverse housing and new affordable units, helping Chapel Hill manage its growing population and prevent dramatic increases in housing costs due to scarcity. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.