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

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The current board members are: Patsy Byrd Jim Earnhardt Joe Herzenberg Peter Langan Jim Summers (Orange Co.) Bob Ward, Vice -Chair Keith Cook, Chair (Hillsborough) Josh Gurlitz, Secretary Wayne Kuncl Stella Nickerson John Tyrell, Treasurer (Chapel Hill) Alison Weiner 3 The first Executive Director, Donna Dyer, left the organization in September 1997. In December 1997, Robert Dowling was hired as the Executive Director. Organization Activities During the first seven years of operation, OCHC has.... =:> Sponsored Homebuyer's Education classes; => Developed a 55 unit apartment complex known as Dobbins Hills; => Built two single family houses - one in Chapel Hill and one in Carrboro; => Developed the 42 unit Magnolia Place subdivision in Hillsborough; => Administered a Townhome Second Mortgage Program in the Chapel Hill / Carrboro area which enabled four (4) first time homebuyers to purchase townhomes; and Provided technical assistance to other organizations providing affordable housing such as the Hillsborough Affordable Housing Corporation and Orange- Person- Chatham Mental Health Agency. Major current activities include: ♦ Renovation of six townhouses in the Carr Court Community in Carrboro, as well as, marketing and pre -sale of homes in the Carr Court community; ♦ Preliminary planning for the Scarlette Village and Meadowmont projects in Chapel Hill; and ♦ Administration of the Orange County Urgent Repair Program. Current Financial Picture Currently, OCHC receives the following administrative funding from the County and the Towns. Orange County $ 49,750 Chapel Hill $ 50,000 Carrboro 10,000 Total funding $109,750 OCHC is asking for additional funding this fiscal year from the County and the Towns in the following proportions. Orange County $ 19,000 Chapel Hill $ 19,000 Carrboro 4,000 Total funding $ 42,000 The information on the following pages detail OCHC's financial situation.