Despite being a grown woman, I’ve accepted having to share a too-small room and sleep sardine style in my twin bed for $900 a month for the foreseeable future. It’s not sustainable, but it’s what I can afford in college.
There's great irony in the housing market of a college town. Generational homeowners supply run-down, roach-infested properties for an extortionate price, while deep-pocket developers monopolize residential zoning with large-scale complexes that price out the majority.
UNC students can (and do) fill these single-family homes or sign on to a pricey apartment lease, temporarily enduring fiscal affliction and cramped living conditions – it's not bad for four years.
But not everyone who resides in Chapel Hill is a college student. People live here… or, at least, have tried to. The median sale price of a Chapel Hill home is $525,000, an over 20 percent increase from 2021.
It’s not affordable. It’s not sustainable. And it’s pricing out the people who make Chapel Hill more than a campus.
The community has called for change – and legislators finally answered.
That’s where House Bill 401 comes in. In March 2021, the N.C. General Assembly tried to pass a bill that would have made it possible to develop mixed-use housing without the lengthy process of changing zoning laws.
It died in committee, but different municipalities tried their hand at addressing the housing dilemma in its stead.
The Town of Chapel Hill proposed to amend the Land Use Management Ordinance to allow property owners to bypass antiquated restrictions to build all kinds of housing. The proposal focuses on removing density limitations, so a property owner could build a duplex instead of building another single-family home.