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Comprehensive Housing Affordability Program (CHAP)
The Town of Davidson has a long-standing core value regarding affordable housing in the community. Over time, the Town has implemented various strategies as it works towards this goal, including two new programs, the Critical Home Repair Program and the Rental Subsidy Program.
This Comprehensive Housing Affordability Program (CHAP) is a way to assist homeowners to remain in their affordable homes while allowing the town to preserve its affordable housing stock and some of our older neighborhoods.
The Town of Davidson 2022 Affordable Housing Needs Assessment includes a recommendation, under “explore ways to utilize and maximize existing inventory,” to pursue critical home repairs and it references the “pilot program” which is CHAP.
The Needs Assessment also includes a recommendation to “implement a rental subsidy program targeting existing rental and investment properties.”
View the February 14, 2023 presentation to the Davidson Board of Commissioners here.
View the May 23, 2023 presentation to the Davidson Board of Commissioners here.
More information about the Affordable Housing Needs Assessment Implementation can be found HERE.
American Rescue Plan Act (ARPA) Funding
In January 2023, Mecklenburg County Board of Commissioners approved funding for 75 local projects with money allocated from the American Rescue Plan Act (ARPA). Among these projects, the Town of Davidson received $1 million to support its revised Comprehensive Housing Affordability Program. Read the press release here.