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staff from 7 FTE to 8.5 FTE because we are expected to sell more than twice as many homes <br /> as we would in an average year. This increase in volume is due to inclusionary housing policies <br /> in Chapel Hill and Carrboro. <br /> Today there are 138 homes in the Home Trust, and by June of 2010 we expect we will <br /> total about 180 homes. Over the past five or six years, we have learned that once homes are in <br /> the Home Trust, they require attention and staff resources forever. The workload never <br /> diminishes; it only increases with every new development and every new home. <br /> While this growth is exciting, it adds considerably to our workload. Not only are we <br /> required to collect monthly fees, assist with maintenance and manage all re-sales but we are <br /> also increasingly tasked with assisting owners who become delinquent in their financial <br /> obligations. This aspect of our work is absorbing an ever larger percentage of our staff <br /> resources. Of course, as our inventory of homes continues to grow, the numbers of <br /> delinquencies will also increase. <br /> I would like to share some of the successes and challenges faced by the Home Trust as <br /> we undertake our work on a daily basis: <br /> - We closed today on a condominium in Meadowmont with a person with physical <br /> disabilities who will be able to live independently, affordable and close to his place of <br /> work. <br /> - We are providing more financial and homebuyer counseling than ever before. In <br /> conjunction with other nonprofit organizations, we continue to offer monthly classes that <br /> are open and free to the public. Our individual budget counseling has become more <br /> necessary in this economic downturn, but we simply lack the staff resources necessary <br /> to meet the need. <br /> - We will be selling an East 54 condominium to another person with disabilities. We <br /> worked with the developer to incorporate universal design features that will allow this <br /> owner to be relatively self-sufficient in her new home. She hopes to close by the end of <br /> August. <br /> - We have allocated more than $100,000 of our own reserves to prevent two foreclosures. <br /> In both instances, the owners were unable to afford their homes, which we are not trying <br /> to sell. <br /> - We work with lenders to increase the financing options for our buyers. At this time home <br /> Trust owners are unable to refinance their mortgages and take advantage of lower <br /> interest rates. We are working with Chapel Hill and County staff to address this issue. <br /> - We assist homeowners in Vineyard Square to ensure that they are treated fairly by the <br /> homeowners association. This has been a constant struggle due to built-in inequities in <br /> the governing documents. <br /> - Lastly, we strive to look into the future and develop an inclusionary housing program that <br /> allows low-income families and individuals to be successfully integrated into the larger <br /> community. We seek to achieve an elusive goal: homes that will remain affordable and <br /> well-maintained to serve many generations of low-income households. <br /> Again, I want to thank the Commissioners for your support. We recognize this is a <br /> difficult year and we will work hard to continue the success of this program in 2009-10." <br /> Jim Rogaski spoke in support of the Carrboro High School arts wing. He encouraged <br /> the County Commissioners to fund this because it is a shovel-ready project. He feels that this is <br /> important because his son was part of a high school theater production and there were over 60 <br /> kids involved. The entire set had to be built in a classroom since there is no arts wing and it had <br /> to be taken to Culbreth Middle School in order to use their auditorium. The set then had to be <br /> disassembled every day and returned to the high school. He said that Carrboro High School <br /> needs an auditorium and it is a core part of the campus. <br />