Orange County Commissioners award $2.5 million in affordable housing grants
ORANGE COUNTY, NC (June 6, 2017) — The Orange County Board of Commissioners at its regular meeting Tuesday approved $2.5 million in funding for four projects that will increase affordable housing options in the county. The $2.5 million is half of the $5 million affordable housing bond approved by voters last November.
The four projects include 24 owner-occupied townhomes at the Waterstone Residential Development in Hillsborough, 16 new construction rental units at Merritt Mill East in Chapel Hill, 12 new construction rental units at Merritt Mill West in Carrboro, and one single-family home that will become a rental.
"These projects will provide more housing opportunities for low and middle-income families throughout our county, which is a priority of the Board of Commissioners," said Board Chair Mark Dorosin, "We commend staff and affordable housing providers for moving quickly so that we can put these bond funds to work as quickly as possible."
In addition to the four bond-funded projects, the Board of Commissioners voted to fund another project through the county's Capital Improvement Plan. This project will provide an additional two residential units for families.