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10 <br /> • Potential examples <br /> o New affordable units with affordability guarantee/incentive <br /> • Construction <br /> • Renovation <br /> • Acquisition with affordability guarantees <br /> • Repair and Rehabilitation <br /> o Home Ownership Assistance <br /> • Down payment and closing cost assistance <br /> • Buy down interest rate with lender <br /> O Example Projects — Down payment and closing cost assistance <br /> • Community Home Trust (CHT) <br /> o Townhome (1280 sq, ft.), Chapel Hill, May 2016 <br /> Commissioner Jacobs said the best way to focus the plan is to finish the analysis and <br /> then adjust the units accordingly. <br /> Commissioner Jacobs said the BOCC has not discussed the point, at which, it wants to <br /> bring other governments into the conversation, but he would like for the Board to have fairly <br /> extensive discussion before involving other governments who already have plans in place. <br /> Commissioner Rich asked if this plan is being used as the priority, when the new HOME <br /> group is given its new charge. <br /> Travis Myren said Commissioner Jacobs was suggesting having further discussions <br /> within the Board before giving any guidance to the multi-jurisdictional housing group. <br /> Bonnie Hammersley said she would suggest bringing this discussion on affordable <br /> housing back after the break. <br /> Commissioner Rich asked if the new multi-jurisdictional group was supposed to meet <br /> over the summer. <br /> Bonnie Hammersley said she has not heard anything yet from the other jurisdictions <br /> about meetings. <br /> Commissioner Rich said she agreed and that flexibility is important going forward. <br /> Travis Myren resumed the presentation: <br /> O Capital Investment Plan — FY2016-17 Recommendations <br /> • Affordable Housing Land Banking - $1 million <br /> o Added to existing $1 million <br /> • Affordable Housing Bond - $2.5 million <br /> o 1st draw of$5 million proposed bond <br /> o 2nd draw proposed to occur in FY2018-19 <br /> o May be advanced based on project schedule <br /> Commissioner Price asked if anything has been done with the first $1 million, which the <br /> County allotted for landbanking. <br /> Chair McKee said it is sitting there and the second million will be added to the financing <br /> package. <br /> Bonnie Hammersley said financing would not occur without having projects in place. <br /> She said it is a placeholder. <br /> Commissioner Jacobs said there should be clarified focus regarding the Board's <br /> direction to address problems of the manufactured housing communities and the purpose of <br /> the land being banked. He said the 1989 Low and Moderate Income Housing Task Force had <br />