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Created 4/12/07 NCO <br />Affordable Housing Goal <br />Goal Statement #1 - Develop a mechanism that allows the purchase and "land <br />banking" of the available property until it can be <br />developed as affordable housing for low/moderate <br />income citizens. <br />Objectives <br />1. The Affordable Housing Advisory Board (ARAB) will hold a work session in <br />August 2007 with the Board of County Commissioners to explore the use of <br />the entity known as the Orange County Housing Authority for land banking. <br />2. Discuss potential authority structure to include proposed amendments to the <br />Bylaws with the BOCC at the August 30, 2007 work session. <br />3. Staff will develop by-law amendments, as necessary, to govern the use of the <br />Orange County Housing Authority for this purpose. <br />a) Orange County shall consider amendments to the current bylaws for the <br />Orange County Housing Authority <br />b) If approved, County staff will notify all interested parties of the ability of the <br />Orange County Housing Authority to serve as the holder of property for <br />future affordable housing development. <br />c) Also, County officials and County Affordable Housing Advisory Board <br />members shall identify potential sites for purchase. <br />