The Chapel Hill Town Council is considering a bond referendum for Affordable Housing to go on the November 2018 ballot. The Council will vote TONIGHT Wednesday, March 21 on whether to allow it on the ballot and the amount.
It’s critical that our Town leaders hear from you now. Thank you so much for taking action on the critical need for affordable housing in our community.
Information: Bond Proposal
The current proposed amount is $10M. The Affordable Housing Coalition is advocating that it be increased to $15M.
The Coalition and the Town of Chapel Hill staff have identified more than $15M needed for already planned projects, including $7M just on Town-owned properties. Without a bond, the local funding for affordable housing is limited to only $688,000 a year.
There is currently no funding for housing assistance for residents of threatened mobile home parks or for opportunities that may present in the next few years.
Your Bottom Line
A $15M bond would support more than 400 affordable housing units and only increase annual taxes by $50-55 for someone with a $350,000 home.
Take Action: Email and Attend
Before the Council TONIGHT, email email@example.com. Say that you support a $15M bond for affordable housing and that as a taxpayer and resident (if you live in Chapel Hill), you would vote yes for the bond. Add any personal comments you’d like.
Join IFC members and residents in person to show your support on Wednesday at 7 p.m. The Town Council meets at 405 Martin Luther King Jr. Blvd.