Orange County NC Website
33 <br /> eligible non-profits and for-profits to develop affordable housing opportunities <br /> - Establish homeownership program to assist existing Section 8 recipients <br /> Output - 30 additional lower income homebuyers(Orange County/Chapel Hill) <br /> Indicators: <br /> Pnorrt7+2.5Y Elim�note barriers tc�u ordable hous� <br /> s , . <br /> :,. .. <br /> �` ° E <br /> �� � <br /> Strategies: - Challenge and encourage non-profit and for-profit affordable housing providers to share <br /> resources and collaborate <br /> - Seek legislation that would require all local governments to require new residential and <br /> commercial developers in the County and Towns seeking zoning approval and/or permits <br /> to contain at least 15%affordable units in residential projects <br /> - Utilize equity sharing and community land trust concepts to limit the dramatic escalation <br /> of housing costs <br /> Output - 30 units of new affordable housing in mixed income developments(Orange <br /> Indicators: County/Chapel Hill) <br /> - Increased awareness of barriers to affordable housing(Orange County/Chapel Hill) <br /> , _.. , , <br /> _ . <br /> Prinrity 1.6=Gow Ir�came(c S0�AiV!l)I�ameowriership. ;.; <br /> Strategies: - Provide down-payment and closing cost assistance to qualified homebuyers <br /> - Provide homebuyer education and counseling with an emphasis on credit <br /> - Provide acquisition,infrastructure,predevelopment and/or construction funding to <br /> eligible non-profits and for-profits to develop affordable housing opportunities <br /> - Establish homeownership program to assist existing Section 8 recipients <br /> Output - Up to 30 additional low income homebuyers(Orange County/Chapel Hill) <br /> indicators: <br /> � , , <br /> ; _ : . <br /> �� . <br /> , � <br /> f�riorrty,l.T=Extrem�efy�owjincorne��3D��1M��re�ter�Jo��ringfi�raffordable,ref�taf hotising. � � �, � �. . <br /> Strategies: - Partner with local housing developers and/or property management firms to develop <br /> afFordable rental housing for Extremely low-income residents <br /> - Develop rental subsidy program for the<30�AMI residents <br /> - Possibly develop an SRO model for implementation to develop more affordable housing <br /> - Review current density ordinances for possible revision to increase ability to develop <br /> affordable,multi-rental housing <br /> Output - 30 units of new/rehabilitated affordable rental housing in mixed income developments <br /> Indicators: (Orange County/Chapel Hill) <br /> Attachment page E of J <br /> Do not submit this page <br />