Is Chapel Hill affordable?

A presentation from the Town’s affordable housing staff found 84 percent of rentals in Chapel Hill are unaffordable for households that make less than $50,000 per year. Additionally, 77 percent of home sales are unaffordable for households making less than $70,000 per year.

How do I get low income housing in NC?

To apply, contact or visit the management office of each apartment building that interests you. To apply for either type of help, visit your local Public Housing Agency (PHA). Some PHAs have long waiting lists, so you may want to apply at more than one PHA.

What is affordable housing in NC?

“Affordable housing” is housing that is affordable to households with low incomes, meaning that these households pay no more than 30% of their income for housing costs like rent, mortgage, and utilities.

Does Chapel Hill have a housing authority?

Chapel Hill, Orange County, North Carolina 27516. Town of Chapel Hill Department of Housing is a housing authority that participates in the Public Housing program. As of May 18th, 2022, Town of Chapel Hill Department of Housing has 1 waiting lists that are open now or opening soon.

What is the AMI for Chapel Hill NC?

The annual median income for an entire household (pre-tax) for the Durham-Chapel Hill Metropolitan Statistical Area is $80,600.

How to get rental assistance in nc?

Get help

  1. Call center.
  2. Apply online.
  3. The Housing Opportunities and Prevention of Evictions (HOPE) Program can help you pay your rent and utilities (electricity, water, etc.)

How does low income housing work in North Carolina?

The program extends its benefits to families with annual income up to 50% of the median income level but 75% vouchers are given to families with 30% or below (very low income) families only. North Carolina Section 8 participants will be able to find a housing unit of their own choice in the public housing market.

What is considered affordable housing?

Affordable housing is housing which is deemed affordable to those with a household income at or below the median as rated by the national government or a local government by a recognized housing affordability index.

What is considered poverty level in North Carolina?

By the numbers: The latest five-year figures from the 2016-2020 American Community Survey reveal 14% of North Carolina residents earned incomes below the federal poverty line ($12,760 for a single person in 2020).

What is the HOPE program in NC?

The Housing Opportunities and Prevention of Evictions Program (HOPE) provides rent and utility assistance to low-income renters that are experiencing financial hardship due to the economic impacts of COVID-19.