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K <br />FINANCIAL IMPACT: <br />a) Community Home Trust Charter <br />There is no financial impact for the review of the draft Charter. Should the Agreement be <br />adopted by the County and Towns it would result in the following allocation, which would be <br />adjusted annually: <br />Chapel Hill: <br />$328,000 <br />County: <br />$196,000 <br />Carrboro: <br />$70,000 <br />Hillsborough : <br />$2,500 <br />b) Transit - Related Affordable Housing Opportunities <br />There is no financial impact with the review of the progress of the proposed affordable housing <br />opportunities near the light rail system. <br />RECOMMENDATION(S): The County Manager recommends that the Boards receive the <br />updates and further recommends that the leadership and respective legal staff review the draft <br />Charter (now known as an Inter -local Agreement) and provide feedback and input. <br />