The North Carolina Federal Tax Reform Allocation Committee recently awarded $1.3 million in tax credits to a future affordable senior housing development in Chapel Hill. According to an August 27 release, the Low-Income Housing Tax Credit (LIHTC) program awarded over a billion dollars in total to 50 North Carolina properties to help create affordable apartments for families and seniors. Located on Homestead Road, Maddry Meadows is the only Orange County development chosen for the tax credits. The Chapel Hill Town Council approved the 55+ housing community from DHIC in April, and with the funding secured, developers can start submitting permitting applications, Mayor Jess Anderson said in an interview with 97.9 The Hill. “And when [the development is] finished,” Anderson said, “Hopefully in winter of 2027, it will provide 53 new housing units on Homestead Road near the Seymour Center, near our senior center. So it makes sense. We’re very excited. This is a huge area of need in the c...