The PEACH apartments — an affordable housing project sponsored by EmPOWERment, Inc., and located in Pine Knolls, a historically black neighborhood in Chapel Hill — broke ground on Oct. 17, marking a new milestone for affordable housing in Chapel Hill.
PEACH stands for Pine Knolls Empowerment Affordable Community Housing.
The PEACH apartments have 10 rental units available for families earning 30 percent or less of the area's median income.
The household median income for Chapel Hill is $77,037, meaning residents of the PEACH apartments will be earning less than $23,111.
Delores Bailey, the executive director of EmPOWERment, Inc., said that for her, the groundbreaking was an opportunity to set the atmosphere of what PEACH apartments will mean for the community.
“This is a project that is being constructed and developed by five African American women with lived experience,” she said. “Our combined experience is probably over 50 years and we have the opportunity to break ground on something that is historic.”
Chapel Hill Mayor Pam Hemminger said the groundbreaking was emotional for her because of how the community came together. Over 150 community members came to the groundbreaking to celebrate EmPOWERment's work.
“It was incredible to me, I did not expect that many people would show up,” Bailey said.
EmPOWERment, raised $3.5 million to build the PEACH apartments through a zero-debt financed project.