Friday, May 8, 2015

Carolina Supports the Northside Neighborhood Initiative

Carolina is making a $3 million, 10-year, no-interest loan to help stabilize the Northside neighborhood. Located north of Rosemary and west of Columbia streets, Northside has historically been the largest African-American community in Chapel Hill. The initiative is a partnership between the University, the town and two nonprofits, Self-Help and the Jackson Center. Self-Help, a Durham-based community developer, will manage the $3 million loan to achieve shared goals of helping longtime residents stay in their homes, attracting new residents from diverse backgrounds, and increasing the availability of housing and financing options for neighborhood properties. Read more »