Minutes 01-20-2011 - Laserfiche WebLink

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� - We are projecting a need for$1.13 million to maintain the affordability of our housing stock between now and 2020. This amount will increase if mortgage rates rise above 6% in the future. - Since March 2007, the Home Trust has contributed over$90,000 of our own funds towards maintenance of our properties. We expect to make additional contributions in the current fiscal year. - We are projecting a need for$1.17 million over the next 25 years to address the maintenance challenge. The Chapel Hill Town Council is aware that affordable homes in inclusionary neighborhoods need to be well maintained and they have asked Town staff to identify sources of funding to meet this need. Although we continue to face challenges, including a difficult housing market, reluctant mortgage lenders and the prospect of higher interest rates, Community Home Trust is a strong organization with a dedicated staff and board. We are viewed as a model by communities throughout North Carolina and beyond. None of this would be possible without the support we receive from the local governments, particularly the Town Council and the Board of County Commissioners. Again, on behalf of the board, staff and 191 homeowners of the Home Trust, I want to thank the County Commissioners for all the support you have provided us over the years. If you have questions or would like additional information about our work, please let me know." b. Matters on the Printed Aqenda (These matters were considered when the Board addressed that item on the agenda below.) 3. Proclamations/ Resolutions/ Special Presentations a. Affordable Housinq PerFormance Report The Board received a presentation on the Annual Affordable Housing Performance Report from the Orange County Affordable Housing Advisory Board. Patsy Barbee, Chair of Affordable Housing Advisory Board, presented the 7th Annual Affordable Housing Performance Report and calendar. b. Proclamation Acknowledqinq February as "Human Relations Month" The Board considered a proclamation to recognize the month of February as "Human Relations Month" in Orange County and authorizing the Chair to sign. Human Relations Commission Chair Bryant Colson read the proclamation. HUMAN RELATIONS MONTH PROCLAMATION WHEREAS, the Orange County Human Relations Commission believes that in order to achieve justice and equal opportunity for all Orange County residents, we must all strive to create an atmosphere where people are valued and accepted rather than merely tolerated, and therefore continue to promote the ideal of social justice for all; and WHEREAS, the Orange County Human Relations Commission has diligently served the County of Orange since 1995 and is committed to promoting equal treatment, opportunity and understanding throughout the community; and