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2 <br />The Town of Chapel Hill has an annual performance agreement with Orange Community <br />Housing Corporation, which includes an annual iwork plan. The 1997 -98 agreement provides a <br />budget of $50,000 from the Town of Chapel Hilli This agreement ends on June 30, 1998. <br />We have worked with the staff of the Corporation to adjust the work plan to what we believe is a <br />manageable level reflecting the priorities of the local governments. Attachment 3 contains a <br />copy of the revised work plan as approved by !the Board of Directors of Orange Community <br />Housing Corporation. Priorities for Chapel Hill Mclude working to design a concept plan for the <br />Scarlette Drive project, developing 32 homes in the Meadowmont subdivision, administering the <br />Urgent Repair Program (a home repair progr�, m for elderly low - income homeowners), and <br />searching for a site for a multifamily rental development. <br />The budget as revised provides a basic budget, for the organization which appears to be the <br />minimum needed to run the organization. We believe the budget is reasonable. <br />The Town's Housing goals and objectives of <br />should participate in a variety of strategies to <br />Chapel Hill's 1989 Strategic Report recomn <br />cooperating with Orange County in the org <br />development corporation. In 1990, the Town <br />Community Housing Corporation, and with the <br />budget annually since that time. <br />SUMMARY <br />Since its inception in 1990, Orange <br />following: <br />• Development of the 55 unit Dobbins <br />• The development of 42 single - family <br />• Building two single- family homes on <br />• Conducted homebuyer education clan <br />Highlights of current activities in process <br />• Completing the renovation of 6 to <br />Cantoro; <br />• Completing the repair of construction <br />• Administering the Urgent Repair Prod <br />income homeowners; <br />• Developing a new concept plan for th <br />• Conducting homebuyer education claa <br />Comprehensive Plan indicate that the Town <br />end to the housing needs of the community. <br />ed an implementation program of actively <br />scion and funding of a non -profit housing <br />the County worked to establish the Orange <br />vn of Cantoro, has funded its base operating <br />ACTIVITIES <br />Housing Corporation has achieved the <br />1 apartment complex in Chapel Hill; <br />mes (Magnolia Place) in Hillsborough; <br />lividual lots; and <br />for approximately 150 people annually. <br />June, 1998 include: <br />in the Carr Court neighborhood in <br />ems at Magnolia Place; <br />which provides critical repairs to very low <br />Scarlette Drive property in Chapel Hill; and <br />.7 <br />