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'r: :: <br /> • Use Oidinance. This commitment MI be fulfilled through pmgfamS <br /> F31 currently being developed witt; pa, neth lhrJuding Orange amrnurrify <br /> 6 Housing and Land Trust, Weaver Street Markets and the University <br /> of North Carolina at Chapel Hi Il. • <br /> El <br /> trA QCj-!LT2 goal is 'keep the homes affordable for Muni generations. <br /> They utifize /and trusts that help make housing &fordab!e by <br /> rf removing land from tbe•costofa house. Buyers own their houses, . <br /> butlease but the land for 99-years fmin the Land Twst. The tease <br /> requires that the home must always be resold at an affordable prise <br /> f'� determined by a formula that allows each homeowner to realize��'° some appreciation. OCHLT also intends to agtek boat governmental <br /> support brprice buy downs through community devstopment and <br /> ti bond prgmm . <br /> 4 The Weaver Street program envisions development of cooperative <br /> L.1.! non-profit hous/ng at LMnffloFe. mops allow families with fimited • <br /> equity to obtain home owmlti at a fraction of the cost of owning a <br /> single-family house. <br /> Li t'1 <br /> The program being dwe!c developed with MG is subject to a pending <br /> r'? wirimongi Phase Il /and acquisition affengement with the UnWersiy <br /> fi:.•4 Their goal is to provide rental hcusing for Urriw+ersil+y and Hospital <br /> faculty staff, with 24 rental units planned for irim0re's Phase I and <br /> 1.] an additional 72 for the future (still not planned) Phase f! of Ufinmare. <br /> it should also be riot l,that these rental units will be also be <br /> available for Town of C$r+boro staft <br /> W . <br /> i Subject to the UYrr+n»a Phase /I land ecquisitfan arrangement with <br /> UNCI 2596 of all the for sale units within the combined 1{I�rnrnore <br /> P Phase I and t!, will be made available to UNCJ i11� Health Care, and <br /> Li: <br /> Town of Camboro employees for base prices ranging from $132,000 <br /> to $176O0OI <br /> r..� <br /> • Every sing15-family house buyer at Winmore will be offered an <br /> r - opportunity to construct a garage with a garage apartment that can <br /> L be rented. 'phis repraa4ser+ts a subs#arria!u rase ire potential <br /> affordable rental hOW3Thg traits. <br /> ii..r Affordable housing rmifs at WinmOrle will be interspersed throughout <br /> the community. Affordable units will be desigrc.f and constructed so <br /> � that they meet the sit architectural detailing requirements of the <br /> ,..4.i Winmore Design bode. <br /> E . . carrboro lard use orainarrces artd policfes w�7!efso f� p �Ilrnrrrare <br /> � achieve greater affordability. A minimum of 25% of all housing units <br /> t., <br /> i , <br />