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STRATEGIC GROWTH AND RESOURCE CONSERVATION PROGRAM <br />Final (8.7.2009) <br />10. Install Limits on the Density <br />Allowable on a Growth Area <br />Property <br />Should Orange County provide <br />density caps on all Growth Area <br />properties instead of allowing <br />the market to dictate densities? <br />11. Apply Additional <br />Development Restrictions or <br />Requirements in Growth <br />Areas <br />Should Orange County apply <br />additional site development <br />guidelines such as design <br />guidelines or affordable housing <br />requirements, instead of <br />adhering to current <br />development guidelines and <br />policies for SGRC projects? <br />ORANGE COUNTY, NORTH CAROLINA <br />• Keeps intensified <br />development within <br />acceptable limits <br />• Provides certainty to <br />adjacent /nearby <br />property owners that <br />density increase <br />allowable has a <br />specified ceiling <br />• Provides a way to lessen <br />negative development <br />impacts that can't be <br />mitigated or avoided <br />(whether environmental, <br />or economic or social <br />impacts on nearby <br />properties) <br />a. Buildina Desian Guidelines <br />• Ensures that impacts of <br />intensified development <br />are mitigated <br />(transportation <br />improvements, <br />aesthetics, buffering) <br />• Reduces some potential <br />concerns from local <br />residents, businesses <br />about increased density <br />b. Affordable Housina Rec <br />May be viewed as an <br />arbitrary limit, and <br />provides less flexibility <br />for developers whose <br />project's desired <br />density increase is just <br />over the limit <br />Will require re- visiting <br />periodically to ensure <br />limits haven't been <br />eclipsed by market <br />demand <br />® A limit would reduce <br />the amount of <br />Conservation Points to <br />be absorbed <br />■ A limit does not allow <br />the market to operate <br />freely if there is a <br />perceived or real need <br />for a higher density <br />n Decreases the value of <br />credits to developers, <br />may deter developers <br />from using credits <br />uirements <br />I Elements of both were included in recommendations I <br />■ Encourages more <br />affordable housing <br />options for medium- and <br />low -wage families <br />• May incur opposition <br />from existing, nearby <br />residents, businesses <br />about lowering <br />property values <br />• May deter <br />participation from <br />developers from <br />monetary and <br />increased local <br />