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Attachment III 13 <br />s Town of Chapel Hill <br />405 Martin Luther King Jr. Blvd <br /># Chapel Hill, NC 27514 -5705 <br />(p) 919 968 -8406 <br />www.townofchapelhill.org <br />Mid -range strategies (2 -5 years) <br />Continue to work on all items in short -term strategies. <br />1) Pursue and actively campaign for an affordable housing bond for Chapel Hill. Arguments for <br />the bond should be clear and particular, reflecting this affordable rental strategy and broader <br />specific housing goals. <br />m) Partner for ambitious development that includes affordable rental on Greene Tract. <br />n) Acquire and preserve vacant land along transit corridors for future affordable (rental and <br />ownership) development. <br />Long -range strategies (5 + years) <br />Continue to work on all items in short -term and mid -range strategies. <br />v) Continue to pursue low- income housing tax credit projects throughout the Town <br />w) Evaluate existing and establish new revenue sources for affordable housing. <br />x) Explore the feasibility of development of new public housing units. <br />Town of Chapel Hill Affordable Rental Housing Strategy <br />