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Durham working group recommends 80 affordable units at 505 West Chapel Hill; council signals support for structured parking and summer developer selection
Summary
A volunteer working group told Durham City Council that 80 low-income units at 505 West Chapel Hill Street are feasible under a 9% LIHTC plan requiring an estimated $4–6 million in city gap subsidy; council members signaled support for the structured-parking (podium) plan and directed staff to pursue developer selection this summer to meet LIHTC timing.
A volunteer working group and city staff told Durham City Council on March 20 that the city-owned site at 505 West Chapel Hill Street can competitively host an 80‑unit affordable housing project under North Carolina Housing Finance Agency (NCHFA) 9% low‑income housing tax credit (LIHTC) rules, but doing so will require subsidy and fast action.
The group’s recommended approach — labeled the preferred scenario — places five stories of wood-framed apartments atop a two‑story concrete podium (structured parking). Working-group members said that configuration preserves the largest remaining contiguous parcel for future development while meeting the scoring priorities in the current NCHFA Qualified Allocation Plan.
"Affordable housing at 505 is a strong candidate for a LIHTC award," said Ketty Telmac, a working-group member, summarizing the team’s conclusion that the site would score highly under current rules. Finance…
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