Agenda - 02-07-2012 - 7a - Laserfiche WebLink

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8 poverty often have a tendency to overwhelm even the most capable and determined people, creating a phenomenon of cyclical, generational poverty. The high costs of homeownership in Orange County and the limited supply of safe, affordable rentat housing continue to be major challenges for low-income families. Rental households face serious challenges with high cost, inadequate supply, and competition with university students for limited housing stock. Access to transportation or to communities that are practically walkable also presents a difficulty, particularly outside Chapel Hill and Carrboro. How will the Orange County Consortium address the community's needs for decent, affordable housing? The Consortium will address these needs by partnering with local non-profit agencies such as: • Community Home Trust is a housing development corporation, whose operating budget is funded by Orange County, Chapel Hill, Hillsborough and Carrboro. The organization utilizes the land trust model for homeownership to create permanently affordable housing opportunities for Orange County residents. • Habitat for Humanity of Orange County is a strong local affiliate of the national organization. • InterFaith Council for Social Service (IFC) operates a homeless shelter and is a chief advocate for the homeless population. IFC also offers a program to prevent homelessness through financial assistance to families that are at risk of losing their permanent housing. • Orange Congregations in Mission serves northern Orange County, offering programs that prevent homelessness through financial assistance to families that are at risk of losing their permanent housing. • The Joint Orange-Chatham Community Action Agency is a local community action agency offering a wide variety of rehabilitation, weatherization, counseling and financial assistance to very low-income families. • EmPOWERment, Inc. is a community development corporation that promotes models of community building, problem solving and social action to mobilize low- income communities to build shared vision and power for community change. • Inter-Church Council Housing Corporation operates two apartment complexes in Chapel Hill with a combined 79 units of housing for low and moderate income famities. • Community Alternatives for Supportive Abodes builds and manages high-quality, affordable accessible housing in NC in order to create opportunities for citizens to achieve successful living. Over the next five years, the Consortium will strive to achieve the following goals: New affordable housing units developed: 30 Existing owner homes rehabilitated: 30 FY 201Q-2015 Canso(idated Plan 8