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Agenda - 02-15-1999 - 2
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Agenda - 02-15-1999 - 2
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9/9/2014 11:42:27 AM
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BOCC
Date
2/15/1999
Meeting Type
Work Session
Document Type
Agenda
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2
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Minutes - 19990215
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\Board of County Commissioners\Minutes - Approved\1990's\1999
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Feb -15 -99 05:45P Town of Carrbovo 919 968 7737 P_04 <br />14 t-1 <br />• Attachment A <br />ALEX ZAI >;:RON <br />[06 W CA SA ST -2 <br />CARP,GORO, NC, 27510 <br />Memo--Zz -- <br />t_ <br />To:•$oari! of aldermen <br />Fr. Alderman AlexZ2tfron <br />Rc: QiversitroffaffordabiO housing as Included In 97.98 action agenda <br />AN INCLUSIONARY HOUSING PROPOSAL FOR CARRIDOW <br />f. A FEW N01-ES ON INCLUSIONARY HOLIVNGIZONING POLICIES <br />- inctusionary zoning/housing portcy" Is a term used to describe a series of mechanisms used by <br />govern ments --c+ ally oiues'Ind counties to induce developers by incerdiive or Muifemerd to <br />indude a percentage of moderately priced dwetrsngs in new developments. The application and <br />structure of tndusionery housing requirements is generally regarded to have been Initiated by a <br />series of court cases in New Jorsay in the 1970's. In these cases, the stete of NewJerszy fi,ed <br />the town of Mount Laurel, claiming that d'S exclusionary zoning' ordinances "oh Imposed <br />minimum iot4ze and dwelling -unit square footage MQuirOments eftectvely constituted a Public <br />policy of disc urination against lower income residents and minorities thereby violating feral <br />fair hotising guldefines. in the final case (NJ Y. Mount Laurel II) The court agreed with the s atc's <br />posrl -ion and mauired the city of Mount Lt urel to rwmoVe It's exdus!Qnary por -ties, and hunther <br />ordered that cemective measures be taken to ametlolate the past effecXs of Mount Laurel's <br />poticies. The mechanism that w-2S devised Is an oWinance requiring developers In the cry to <br />construct a cedAia peroentage of new dwstrrnns to be-.sold at or betow a specified price level. <br />This mechanism, known as indusionary zoning iM9since bem adopted by other governments <br />around the country to ttelp cotred the ell'ed of v6away Inflation of housing prices In Wet tented <br />markets, most notalAy In California. <br />2. LOCAL APPLICATION: - <br />Cincurnstadees in southern Orartigll County. and tastOOM and Chapel bill in pscticutar am si=r <br />to those In other areas becoming poptflar witA t+etlrees aitif wealthy iknmipsarrts. Namely. tYtat <br />demand for expensive. lt=ty housing has driven a patierr5'of inflation to housing costs vNc h <br />has far outstripped the rise in other Irving costs And salaries. Aowrdir►Q to an sri;de in the Ne%l <br />and Observer (3128198) the average sales price for homes Sold in January'96 in Ofange Cc -asmty <br />was $213,319 -dhe ftighesl average In the Trlang!e. Ac-.;ording to figures putA'fs1hed by the Grange <br />County Economic Development Comcnission, housing prices have risen over 1@QM over a V <br />year period. This series of indicators makes southern Orange County an, ideal candidate for the <br />impiernentation of an effective strategy to intervene in the markelplaoc to cool the Kationa.ti <br />trend <br />
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