Affordable Housing Task Force Report - 4-3-2001

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12 Report Card to keep elected officials and the community up to date and aware of needs and successes. • Pursue a housing information clearinghouse that can be accessed by a hotline and website for individual renters, buyers, sellers, housing developers, media, and officials. Collaboration With UNC-CH • Encourage the University to house more students on University land, and assist with the provision of affordable housing for any projected new employees or facilities. • Include University officials in all ongoing deliberations in the County and the Towns regarding affordable housing. Further Development • Develop and support the capacity of non-profit and other willing providers to cooperatively plan, develop, and maintain affordable rental and owner- occupied low-income housing. • Investigate the feasibility of a countywide public-private investment fund. This would be open to public and private institutional and individual investors, especially area entrepreneurs, public and non-profit educational, religious, and other institutions and foundations, and upper-income earners in the Triangle. The fund would pay a guaranteed low interest rate of return (ranging at the choice of the investor between 0-5%) in order to allow the Fund to make loans to nonprofit low income housing providers at 3 percentage points below market rates. • Support the efforts of the Continuum of Care Committee to develop a Continuum of Care Plan is designed to organize and deliver housing and related support services to meet the specific needs of homeless individuals and families as they move to stable housing and maximum self-sufficiency. Key components of the plan include: outreach/assessment; emergency shelter; transitional housing; and permanent housing. Counties are required to engage in the Continuum of Care planning process in order to access available HUD funding for homeless families.