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Addressing CLT issues <br />In August, the Task Force held a work session with John. Davis., a CLT <br />consultant with Burlington Associates in Burlington, Vermont. Following John's <br />suggested list of issues to be addressed, we present our responses thus far. <br />1. Defining "Community" (territory) <br />The CLT should serve Orange County and al{ jurisdictions within it. <br />Why should the governments within and of the. County support and <br />participate in a county wide community land trust? <br />The Towns of Chapel Hill and Carrboro have each been actively exploring the <br />potential for a land trust and other solutions for creating affordable housing. <br />Orange County has passed its first housing bond. Because of the strong and <br />active relationships between these governments, it makes sense to create an <br />organization .that will serve county-wide, not only for convenience, but to <br />support the creation of long term affordable and diverse housing throughout <br />the County, which will benefit ALL citizens of the county. <br />2. Creating the Corporation <br />We discussed three different structural approaches for establishing a CLT. All <br />of these approaches will require allocation of additional resources. <br />1. CLT as a subsidiary of an existing non-profit organization <br />One of the key aspects of the CLT is that its Board includes owners <br />of CLT homes. Often, CLT owners make up about one-third of the <br />Board members. An existing non-profit would need to reorganize <br />its board, as well as revise its mission and objectives, in order to <br />accommodate this provision. <br />2. CLT as a new corporation which handles all tasks itself <br />Starting a new organization from scratch will require funding for <br />staff, office space, and equipment and will take some time to get off <br />the ground due to inexperience and no track record. <br />3. CLT as a new corporation which contracts- some or all of its work <br />with other organizations <br />Starting a new 501(c)3 organization with a Board of Directors made <br />up of a diverse representation of the County community which <br />