Low to Moderate Income Task Force Agenda Abstract - 6-6-1988, Item E2

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007 STAFF REPORT PAGE 1 TASK EMIR M 9MMENDATIOI( QIi$ SUPPORT AND ENABLE THE CREATION OF AN ORANGE COUNTY NON- PROFIT HOUSING CORPORATION, CHARGED WITH PURPOSES OF CREATING HOUSING FOR ORANGE COUNTY CITIZENS NOT SERVED BY THE PRIVATE HOUSING MARKET, AND OF SUPPORTING PROGRAMS FOR IMPROVEMENT OF HOUSING QUALITY FOR ALL RESIDENTS. STAFF REPONSE Interested Task Force members along with the Housing Services Director are presently involved in an effort to develop a strategy for the development of a non-profit housing corporation in Orange County. Meetings are being held with area non-profit groups to determine how this corporation should be structured to meet the needs of Orange County. Much work still • needs to be done, however, the group envisions presenting a proposal to the Board of County Commissioners for their support (especially financial support) during the Fiscal Year 1988-89.: TAN FORCE RECOIQ DATION ', MQ REFER THIS REPORT TO THE ORANGE COUNTY PLANNING BOARD AND ECONOMIC DEVELOPMENT COMMISSION, AND TO PLANNING AND HOUSING/COMMUNITY DEVELOPMENT STAFF, FOR CONSIDERATION AND DEVELOPMENT OF SPECIFIC POLICY PROPOSALS. STAFF RESPONSE Completed-the report was referred to the appropriate county boards and departments. WIE MB= ON =B$ INCREASE PRIORITY OF PROGRAMS FOR REHABILITATION OF MARGINAL AND SUBSTANDARD HOUSING. A. PREPARE A PORTFOLIO OF PUBLIC AND PUBLIC/PRIVATE SUPPORT OPPORTUNITIES FOR REHABILITATION EFFORTS, INCLUDING STATE AND FEDERAL LOAN AND SUBSIDY PROGRAMS AND TAX INCENTIVES DISCUSSED IN THIS REPORT -- PARTICULARLY FEDERAL LOW INCOME HOUSING TAX CREDITS AND THE NORTH CAROLINA HOUSING TRUST FUNDS -- WITH THE INTENTION OF ASSISTING HOMEOWNERS AND LANDLORDS IN LOCATING THE BEST SOURCES OF HOME IMPROVEMENT FUNDING.