Agenda - 02-17-1998 - 9e - Laserfiche WebLink

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2 Orange Community Housing (corporation Post Office Box 307 • 116B West Main Street • Carrboro, NC 27510-0307 February 9, 1998 Telephone: 919/967.1 545 FAX: 919/968 -4030 To: John M. Link, Jr., Orange County Manager From: Robert Dowling, Orange Community Housing Corporation Re: Request for additional funding Background /History A key recommendation of the 1987 Orange County Low and Moderate Income Housing Task Force was the need to establish a non - profit housing corporation. In the fall of 1989, the Chair of the Orange County Commissioners and the Mayors of Carrboro and Chapel Hill appointed a Steering Committee to develop the non - profit organization's structure including the Articles of Incorporation and Bylaws, hire staff and secure funding for administration and project activities. In July 1990, the Chair of the Orange County Commissioners, the Mayors of Carrboro and Chapel Hill, and two key Orange Community Housing Corporation founders announced the formal establishment of the organization. In this initial year, the Corporation received funding from the following sources: Z. Smith Reynolds - $20,000; Orange County - $35,000; Chapel Hill - $35,000; and Carrboro - $20,000 for a total initial year budget of $110,000. After the formal announcement of the organization, and with funding in place, the Steering Committee became the initial Board of Directors of the Corporation and they began the search for an Executive Director. In - January 1991, Donna Dyer was named as the first Executive Director and she remained in that position until September 1997. The purpose of the Orange Community Housing Corporation (OCHC) as defined in the Articles of Incorporation is to support and initiate the construction, conversion, or rehabilitation of both rental and owner - occupied housing for families and individuals with income levels at or below the median income for Orange County. More specifically, the primary target population for OCHC housing activities is persons at or below 80°x6 of the area median. Current Organizational Structure During the first two years of the corporation, while initial projects were being planned, there was close monitoring of the organization's activities by officials of the contributing local governments. However, as OCHC began to implement projects, the Corporation was allowed to operate as a independent entity, with local governments receiving status reports on activities on an annual basis. Currently, there are twelve members of the Board of Directors which governs the organization. Each local government appoints one member and the remaining members are elected at large. Board members are appointed for two year terms.