Voters approved bond referenda Tuesday that will let Orange County spend $120 million to repair and renovate schools in both districts and add $5 million to a plan for 1,000 affordable homes.
Nearly 70 percent of the county’s 116,858 voters cast a ballot this year.
The bond referenda could add 3.7 cents to 5.8 cents per $100 of assessed property value to the county property tax rate. The owner of property valued at $200,000 could pay an extra $74 to $116 a year.
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The $120 million schools bond covers 36 percent of the $330 million in construction needs that Chapel Hill-Carrboro and Orange County school officials have identified, including mechanical, security and safety systems, and disability access.
The money also will pay for a new bus garage, a new wing at Cedar Ridge High School, a massive renovation project at Chapel Hill High School, and a new Lincoln Center campus for pre-K students, district offices and Phoenix Academy.
The $5 million affordable-housing bond will supplement $8.5 million in local, state and federal money expected over the next five years. The money, in large part, will address a growing need among low-income and working families.
The $13 million plan will use over $1.7 million to repair 240-plus existing homes and apartments. The cost of building 314 new affordable rentals and 124 new for-sale homes is forecast, respectively, at $6.7 million and $4.6 million.
44 of 44 precincts reporting