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Market Update

If you love downtown-living, 140-314 West Franklin St might be the home for you! This 1 bedroom / 1 bathroom condo is located downtown Chapel Hill, seconds from UNC, dining, shopping, transit, and much more. Enjoy floor-to-ceiling windows in the living/kitchen area, laminate and tile flooring throughout, a spacious bathroom, and your very own balcony. 140 West is a beautiful development with concierge service, private gym, and a Clubroom on the 8th floor with incredible views and indoor/outdoor entertainment space. This condo also comes equipped with a dedicated parking spot in the garage below.

In the News: Longleaf Trace

On April 19, Chapel Hill Town Council unanimously passed a resolution approving Longleaf Trace, our proposed affordable rental project for residents 55 years and older, which we’re co-developing with Taft Mills Group. When completed, the community on Legion Road will provide 48 rental units.

Home Maintenance for CHT Homeowners

We are partnering with Chris and Mindy Meyers from the Home Repair Lab to offer a special free home maintenance class just for CHT homeowners on Tuesday, May 21 from 6 to 8:30 p.m.

In this 2.5-hour class, we will help you understand how your home operates, give you knowledge to interact with service providers, and help you be your own advocate. The class also is an opportunity to review the CHT Stewardship program.

Homeowners who attend the entire class receive a $5 reduction of their monthly Stewardship dues (a $60 annual value). Priority will be given to CHT homeowners who bought in 2022 or later and those who have not attended a class before.

We will also be giving away two gift certificates to classes at the Home Repair Lab!

Call to Action: Bond Advocacy

From the Orange County Affordable Housing Coalition:

​​​​​​The coming week will be pivotal in deciding the fate of affordable housing in our community as Chapel Hill council members deliberate on whether to put a bond on the ballot in 2024 or 2025 and how much of the bond funding to allocate to affordable housing.

Mayor Anderson scheduled a special meeting of Town Council for Friday, April 26, 8:30am at the Chapel Hill Library to consider these questions.

The Orange County Affordable Housing Coalition (OCAHC) is calling for our local leaders to meet the urgency of the affordable housing crisis with immediate action: to place the bond on the ballot in 2024 and to allocate $35 million to affordable housing.

Here’s how you can help:

Email Town Council at mayorandcouncil@townofchapelhill.org. Here are some talking points you can make your own:
The Town has identified a $50 million funding gap for affordable housing over the next five years. I am calling on you to prioritize this urgent community need.
An affordable housing bond cannot wait! We want an affordable housing bond on the 2024 ballot for voters to decide.
We need at least $35 million of the bond to go toward housing. Affordable housing matters to me because…

Respond to the Triangle Blog Blog survey to let the Town Council know your priorities. The survey will close on Wednesday.

Attend the Town Council meeting this Wednesday, April 24, 6:00pm at Town Hall, 405 MLK Blvd, Chapel Hill to speak during general public comment (at the beginning of the meeting). This is the only public comment opportunity before Friday’s work session, where critical decisions will be made. Let them know we need to prioritize the bond this year and we need at least $35 million to be allocated to housing. Share with them why affordable housing matters to you.

Join the Coalition at the upcoming House Us Now march on Saturday, May 4, 2pm at Peace and Justice Plaza, 179 E. Franklin Street, Chapel Hill. We’ll march to Hargraves Community Center.

Upcoming Opportunities

CHT Orientation: Everyone is welcome to attend this in-depth introduction to our program in Chapel Hill and Carrboro. In-person and Zoom options available. Next session: April 26, 6pm on Zoom. Register here.

Homebuyer Education: This 8-hour class is offered in-person in our office (105 Conner Drive, Suite 1000, Chapel Hill) and gives potential buyers the tools to navigate the home-buying process. Completion of this class is a requirement of the program and most lenders, and attendance for the whole session is required to receive the certificate. This class is free and open to the public, but registration is required. Next session: June 1, 8:30 a.m. to 4:30 p.m. Supplemental live sessions are also available for those who have attended an online program. Contact Program Coordinator Deja Gilmore at dgilmore@communityhometrust.org for details and to register.

Neighborhood Tour: Learn more about the communities where CHT residents live and see some examples of our homes for yourself. The neighborhood tour lasts approximately two hours and starts with coffee and conversation at our office. Space is limited and registration is required. Next tour: April 24, 2:30 p.m. Request a seat on the bus here.

Recommended Reading

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Chapel Hill approves plan to help meet ‘tremendous need’ for affordable senior housing,”
Tammy Grubb, News and Observer, April 19, 2024.

Clean Energy Investments Must Prioritize Climate-Resilient Affordable Housing,” Sara McTarnaghan and Oriya Cohen, Next City, April 18, 2024.

How Master Leasing Can Help the Affordable Housing Crisis,” Kris Freed, National Alliance to End Homelessness, May 17, 2022.