Agenda - 02-17-1998 - 10a - Laserfiche WebLink

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4 Orange County Community Land Trust Initiative A Community Land Trust is generally a private non-profit organization corporation which acquires and hold land for the benefit of a community and provide secure affordable access to land and housing for community residents. It protects the long- term interest by continuing to own land while conveying the long-term use of the land to individuals, cooperatives or other entities. (Institute for Community Economics) The Town of Chapel Hill has appointed a Land Trust Implementation Task Force to determine if the Community Land Trust model could be used to promote affordable housing in the Town. Subsequently, the Town of Carrboro, specifically the Mayor, appealed to local citizens interested in the Land Trust model to begin discussing the applicability of this model in the Carrboro area. After it was discovered that there were two groups discussing the same topic, the .two groups began meeting together in December 1997. Minutes of this meeting are attached to this report. At the January 1998 meeting, in an effort to educate the public regarding this affordable housing concept, a Community Forum was planned for Saturday, February 7, 1998 at which time Martin Hahn, the Executive Director of the Dufiam Community Land Trust was invited to share the experiences of his agency and answer questions regarding the establishment of a land trust: There were approximately 40 people in attendance at the forum on February 7, 1998. At that time, the Working Group circulated a proposed committee structure for pursuing the land trust concept and scheduled another meeting for February 18, 1998 at 7:00 pm in Chapel Hill Town Hall. A copy of the Working Group Committee structure and the current Working Group members are attached. Please note that the members listed are the core group and other interested persons are encouraged to attend meetings.