FACILITIESPENDING

Town of Chapel Hill Town Council Meeting Agenda 2026-06-17

99-Year Ground Lease to Community Home Trust

Town of Chapel Hill Department of HousingCOMMUNITY HOME TRUSTJune 16, 2026

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Description

The Council will consider approving a 99-year ground lease with Community Home Trust for townhomes in the Homestead Gardens Affordable Housing Development. The agenda does not specify a lease amount.

Contract Details

Vendor

COMMUNITY HOME TRUST

Agency

Town of Chapel Hill Department of Housing, NC

Contract Type

FACILITIES

Document Date

June 16, 2026

Contract Term

99 years

Renewal Date

2125-06-17

Renewal Info

Initial ground lease term is 99 years; any renewal provisions are not specified in the agenda.

Related Contracts

Chatham County Affordable Housing Advisory Committee Report on Housing Investment

DISCUSSED

Chatham county Housing Authority (North Carolina)May 1, 2026

Orange County Board of Commissioners Business Meeting Minutes February 2026

APPROVED

Orange County (North Carolina)Part of $1.5M (amended award)February 17, 2026

Issuing Agency

Town of Chapel Hill Department of Housing

Local Housing Authority

Chapel Hill, NC

View agency profile

Vendor