UNC aims to build affordable housing neighborhood

Posted March 16, 2009 6:57 p.m. EDT
Updated March 16, 2009 8:19 p.m. EDT

— Faculty and staff at the University of North Carolina at Chapel Hill could get a break on the cost of living.

The college showed off plans for Carolina Commons on Monday, an affordable housing neighborhood planned for Carrboro. The school recently submitted plans for the town's approval.

Carolina Commons would offer single-family condominiums and town homes at below-market costs.

The environmentally-sustainable neighborhood would be built on a 63-acre tract of land owned by the school since 1940.