Agenda - 09-11-1987 - Laserfiche WebLink

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II Hopefully, by simplifying the basic house core in this manner , the cost savings can be used to individualize the 11 dwellings by specific optional additions. A futui-e homeowner can choose amongst a porch , a patio , some variation in window treatment or a higher ceiling in some rooms. In addition, the 11 number of bedrooms and bathrooms may differ lea gling to a ec variation to the rectangular plan, though preferably the variation remains on the modular grid . II The wall units and other prefabricated elements such as the roof trusses and cabinets will be made and stored in a large roofed in space, which will serve as a Community Center for the subdivision. (See Attachment __) This structure will become the focus for Habitat ' s work in that persons not only will be taught II how to build the modules but will be able to see what Habitat is doing and actively participate in the design decisions for the future community. IIUpon completion of the house, the owner receives a zero ( 0) percent loan amortized over a 15-25 year period . The term is adjusted_ in an effort to maintain principal , tax and insurance II payments at no more than 25 percent of the owner ' s income. Additionally, the selected homebuyer must have on hand $600 at the time they move into the house which serves as a down payment . I The purchase price is determined by the cost of materials , labor and site development . Typical Orange County Habitat homes are 1000 SF in size and are sold for $30-40,000, although . appraisal values are considerably higher . Habitat and the homebuyer also execute a "first right of refusal " agreement , which requires the homeowner to first offer the house to Habitat prior to selling the unit . IIAs mentioned previously, Habitat has acquired an 73 acre tract of land in Orange County and have begun development of a II subdivision of 35 single family homes of approximately 1 ,000 square feet in size. Presently, funds are being raised to begin Phase Two of the development which will include construction of four houses, however , while intensive volunteer labor support has been received , the funding commitments for materials and supervisory labor have been dilatory. (See Attachment __) I/ The County of Orange recognizes the critical shortage of affordable housing for low and moderate income families and therefore have been active in upgrading living and housing 11 conditions of low and moderate income families in Orange County . The County has received HUD multi-year funding and FY83 funds from the NC Small Cities Community Development (CDBG ) Programs. II These funds have been used to upgrade public facilities and housing deficiencies in the northern and southern portions of the County where there are concentrations of low and moderate income and minority families. Historically, the County has 1 relied go on private sector housing providers to construct government assisted housing for low and moderate income residents. Although a large number of housing units are under 11 construction or have recently been completed in Orange County, most rental units are in the $400--600 per month range with owner occupied units averaging $85,000-40,000 per unit . Thus, clearly these housing opportunities are not available to low and moderate IIincome families.