A Paradigm For Affordable Housing Through Equity Sharing and the Use of Accrued-Interest Mortgage Notes

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Creator
  • Woods, Runyon Colie
    • Other Affiliation: President, Colie Development Company and BRW, Inc., Design and Construction, Chapel Hill, NC; Vice Chairperson, Housing Advisory Board, Town of Chapel Hill, NC
  • Eisen, Dennis
    • Other Affiliation: President, Dennis Eisen Associates, Rockville, MD
Abstract
  • Affordable housing is a familiar problem to first-time homebuyers in North Carolina's most expensive housing market, Chapel Hill. Culbreth Park, a new Chapel Hill subdivision, will address this problem by creating an economically diverse neighborhood that will include very low income to moderate-income homeowners. This article describes the goals of Culbreth Park Community Development Corporation, the project's sponsor, and then focuses on the financial arrangements for the project.
Date of publication
DOI
Resource type
  • Article
Rights statement
  • In Copyright
Journal title
  • Carolina Planning Journal
Journal volume
  • 16
Journal issue
  • 1
Page start
  • 73
Page end
  • 75
Language
  • English
Digital collection
  • Carolina Planning Journal

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