On April 23, 2025, the Chapel Hill Town Council unanimously approved the Maddry Meadows affordable housing community. The approval included a conditional rezoning of the parcel located at 2510 Homestead Road, across the street from the Orange County Seymour Senior Center. The developer, DHIC, has proposed the construction of 53 affordable apartments for households ages 55 and older earning less than 60 percent of the Area Median Income (AMI). For 2025, 60% AMI is about $48,600 for a 1-person household and $55,500 for a 2-person household. 13 of the units will serve households earning 30 percent or less of AMI.
The project is applying for a 2025 Low Income Housing Tax Credit (LIHTC) award, which could bring more than $10 million in funding to the project. Town Council approved $1.25 million in local funding for the project the same night.
The project utilized the Town’s expedited review process for affordable housing, which allows residential projects that include at least 25 percent of units as affordable to go through the rezoning process in under 6 months.
