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Land Bank & Land Acquisition

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Priority Project Area

land bank

Description: A land bank is a mechanism by which property can be strategically acquired, assembled, and redeployed to serve a


community purpose, with a goal of creating inclusive, mixed income neighborhoods.

Related Strategies and Goals:

  • Fund land bank to acquire land for future affordable housing (rental and ownership) development. (Affordable Rental Housing Strategy)

  • Acquire and preserve vacant land along transit corridors for future affordable development (Affordable Rental Housing Strategy).

  • Address the development pressures of the Pine Knolls and Northside neighborhoods by supporting a housing and cultural preservation program in the neighborhoods (Affordable Rental Housing Strategy).

Eligible Activities: Property and land acquisition and associated program expenses with emphasis in Northside and Pine Knolls neighborhoods and along transit corridors.

 

For more information about the AHDR, contact Sarah Viñas at 919-969-5079 or svinas@townofchapelhill.org.