Homestead Gardens: Chapel Hill's Affordable Housing Leap
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Chapel Hills Homestead Gardens: A Milestone in Affordable Housing
Chapel Hill has broken ground on Homestead Gardens, a significant affordable housing project on fourteen acres of town-owned land. This project, set to deliver ninety units, is a collaboration between Self-Help Ventures Fund, CASA, Community Home Trust, and Habitat for Humanity of Orange County. The project aims to provide stable homes for those often overlooked by the market, including those at risk of homelessness or in recovery programs. Funding for the project totals $23.4 million, with the town contributing over $7 million. Despite challenges like rising construction costs, this project is a crucial step in Chapel Hills 2023 housing plan to create 900 new affordable units and preserve 400 more.
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