Orange County NC Website
Browse       Search
3 <br />PROPOSED ORDINANCE AMENDMENT <br />ORDINANCE: Orange County Zoning Ordinance <br />REFERENCE: Article 7.14.4 <br />Density Bonus for Affordable Housing (NEW) <br />PUBLIC HEARING DATE: February 26, 1990 <br />DESCRIPTION OF AMENDMENT <br />To add Article density bnus <br />Developments which ch p p <br />low- or moderate- <br />income households. <br />BACKGROUND: <br />The Report of the Low- Moderate <br />recommendat�onito amend FtheeZoningleted <br />September, 1987, included a <br />Ordinance to increase incentives The fd densityrbonusnrepresentsnone <br />moderate - income housing- P ro P ose <br />tool which may be used to achieve that goal. <br />This amendment was first introduced at the public hearing on August 28, <br />lggg, A revision to exclude applicability in Watersupply Watersheds <br />was presented at the public hearing on November 27, 1989. The <br />amendment was further revised after Developmentt (HCD),Oandgpresented <br />Department of Hpusing and <br />for public hearing on February 27, 1990. <br />The proposal has been revised to better address and clarify the <br />following issues and questions raised at the February 27 public <br />hearing. <br />1. Hoar is income defined? <br />Income is defined as the combined gross annual income of all <br />members of the household. In addition. it is proposed that the <br />family be allowed up up whwheen an <br />affordable home, and p <br />By allowing some assets, a family <br />which would otherwise qualify <br />would not be penalized for having some resources available for <br />sickness, emergencies, education, etc. In the case of those <br />which could <br />purchasing abe home, <br />available forlrepairslandemaintenance1. permitted, <br />whi <br />The amount of assets allowed is limited, however, to assure that <br />