Town of Chapel Hill #A/E26-006

Affordable Housing Development Partner Sought for Chapel Hill-Owned Site

The Town of Chapel Hill is seeking a qualified development partner to plan, finance, develop, and manage affordable housing on a 4.11-acre Town-owned site at 101 Weaver Dairy Road Extension. - Government Buyer: - Town of Chapel Hill, Department of Housing and Community Development - Project Scope: - Planning, financing, development, and management of affordable housing - Community engagement, pre-development analysis, securing entitlements and permits - Assembling a qualified development team - Site Details: - 101 Weaver Dairy Road Extension, Chapel Hill, NC (Town-owned, 4.11 acres) - Town will retain land ownership via a long-term ground lease - Target Population: - Households earning at or below 60% of Area Median Income - Financing and Incentives: - Project may utilize 4% and/or 9% Low-Income Housing Tax Credits (LIHTC) - Town offers incentives such as fee waivers, gap financing, and streamlined review - Alternative financing proposals are welcome - Proposal Requirements: - Maximize affordable units, minimize Town subsidy - Compliance with North Carolina procurement law - Specific insurance coverages required; Town must be named as additional insured - No specific OEMs or commercial vendors are named in the solicitation - Notable Requirements: - Experience in affordable housing development and public sector collaboration - Community engagement and detailed project planning - Compliance with all legal and insurance requirements

Description

The Town of Chapel Hill is seeking a development partner to develop affordable housing on a Town-owned property at 101 Weaver Dairy Road Extension. The project aims to address multiple community needs by maximizing affordable housing units for households earning at or below 60% of the Area Median Income. The Town prefers to maintain land ownership through a long-term ground lease and prioritizes proposals that minimize Town subsidy while maximizing affordable units. The site may be eligible for 4% and 9% Low-Income Housing Tax Credit financing, but alternative proposals with comparable density and affordability will be considered.

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