According to a statement from the Foundation on Wednesday, the half-million dollar grant amount will be dispersed to several organizations around the Chapel Hill and Durham, N.C., communities. The organizations and grant amounts included the following:

Habitat for Humanity, Orange County and Habitat for Humanity of Durham: $200,000 to underwrite the cost of building two homes, one in Chapel Hill and another in Durham.
EMPOWERment Inc.: $150,000 to help fund Pine Knolls EMPOWERment Affordable Community Housing (P.E.A.C.H) Apartments, a 10-unit, 10,000-square-foot, ADA-compliant, multi-generational and multifamily project in the historically African American neighborhood of Pine Knolls in downtown Chapel Hill. The project will house and stabilize families earning well below the Area Median Income (AMI) level, including essential workers, minimum wage-earners and residents living on fixed incomes.
Band Together and United Way of the Greater Triangle: $100,000 to support this year's Mighty Giveback event as a Community Champion.
Families Together: $50,000 to help homeless families with children access urgently needed safe, affordable housing and provide specialized support to set them up for long-term housing success.

Coastal Chief Community and Public Affairs Officer and Foundation Board Chair Creighton Blackwell said, "Access to affordable housing has been a growing issue over the past several years, and will continue to be at the forefront as population growth outpaces available housing supply, and property values continue to escalate. With so many organizations approaching us serving similar but major community needs, we felt the need to step up and help in a big way."

Instant Insights /

Coastal CU Foundation Gives $500,000 to Tackle Affordable Housing Issues

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