Agenda - 06-29-1993 - XII - Laserfiche WebLink

Browse Search

ORANGE COUNTY HOUSING AUTHORITY BOARD OF COMMISSIONERS AGENDA DATE 6 4 9/%? JUNE 29, 1993 ITEM S 7:25 PM ee,L I. CALL TO ORDER P II. ITEM FOR DECISION - Property Transfer to Pines Community Center, Inc. Purpose: To adopt a resolution authorizing the donation transfer of property by the Orange County Housing Authority to the Pines Community Center, Inc. for the purpose of developing affordable homeownership opportunities and authorize the Chair Housing Authority to enter into a Performance Agreement with this entity for this purpose and authorize the Chair to execute the Agreement on behalf of the Housing Authority. Background: On May 4, 1992, the Orange County Housing Authority Board accepted the property transfer of three lots from the Orange County Board of Commissioners. These lots are identified by Tax Map Reference 7.100.C.10, 7.100.C.1 OA and 7.91.H.7 and are located on Wentworth Street and Edwards Street in the Pine Knolls neighborhood of the Town of Chapel Hill. The Housing Authority agreed that these lots would be conveyed to Habitat for Humanity of Orange County (HHOC) for the development of affordable housing in collaboration with the Knolls Neighborhood Development Association (KNDA). Since that time, KNDA on behalf of the Pines Community Center, Inc. has requested that the Housing Authority convey these properties directly to the Pines Community Center, Inc. (this is the incorporated representative of KNDA) instead of HHOC. KNDA and Pines Community Center now wishes to develop and sell the proposed homes without collaborating with HHOC as originally proposed. KNDA and Pines Community Center proposes the creation of twenty (20) affordable homeownership opportunities in the Pine Knolls Community targeted for families at or below 60% of median income. The proposed plan includes a combination of techniques to achieve this goal. They include: moving houses onto vacant lots in the neighborhood, rehabilitating existing houses in the neighborhood, and constructing new dwellings (possibly using modular technologies). The proposed houses would be scattered throughout the Knolls neighborhood in an effort to revitalize the community and preserve the neighborhood's character. The Association has recently received a revolving loan from the Town of Chapel Hill in the amount of$90,000 to finance their first two housing ventures. (The houses have been moved to an area off Merritt Mill Road and rehabilitation is in process utilizing a creative sweat equity method.) These funds will be used to move and rehabilitate two houses. Upon completion, the houses will be sold to a low-income homebuyer and the $90,000 would be available to use again for two additional houses. This process will be repeated until the twenty (20) units are completed. The donation transfer of these three lots would provide KNDA and the Pines 1