Monday, March 9, 2015, was a historic day in Chapel Hill and the region. The Chancellor Folt of the University of North Carolina and the Mayor of Chapel Hill announced a major and innovative step forward in supporting the ongoing vision of multi-generational, affordable, diverse community in Northside: a $3 million 0% interest loan to be held by our Self-Help Credit Union partners in Durham and administered in collaboration with the Jackson Center, community partners, and neighbors.
This announcement follows three years of intensive community-first planning led by Northside resident leaders, and the involvement of over 35 resource partner organizations, including all of our local housing non-profits. The funds will support our top strategy in neighborhood restoration and renewal: acquisition of properties for sale or “at risk” in order to create opportunities for new homeowners and tenants who want to become part of Northside community. Generally known as “landbanking,” this strategy is critical to getting a leg up on change in Northside—and making the kind of change that honors the legacy of the families who have lived here for generations and the community leaders who have set such a generous and challenging example for all of us.
Click here for Frequently Asked Questions about the Northside Neighborhood Initiative.
You can also contact us or visit our web-page “housing justice” to learn more about this exciting initiative.