Agenda - 05-15-1990 - Laserfiche WebLink

Browse Search

N 24 future development of an equivalent number of affordable units. 3) A 50% density increase may if all of the lots /units are reserved for qualifying households. Occupancy would be restricted by a contractural agreement with the Orange County Department of Housing and Community Development, and should be binding for at least 15 years. The proposal was first presented for public hearing August 28, 1989. The initial proposal was revised based on comments received, and was again presented for public hearing on February 26, 1990. Comments at the public hearing focused on how the provisions would be administered. Those comments are discussed in the "Proposed Amendment" which is an attachment to these minutes on pages A copy of the analysis from HUD which calculates the level of income to qualify for affordable housing is an attachment to these minutes on pages Scearbo indicated this would be the model Orange County would use to determine qualification for affordable housing. Scearbo reviewed the proposed amendment and questions received at the public hearing. In answer to a question regarding selling price, Scearbo reviewed the method used for calculation. She noted that she could have HUD run a model for Orange County with specifics for a sample family prior to the public hearing. She indicated that the most critical factor will be determining median income. Waddell expressed concern that the buyer would not benefit from increased value due to improvements. Reid expressed the same concern that it seemed the buyer would have to remain the entire fifteen years to realize those benefits. Scearbo responded the target group is one that would not be able to purchase a home at all without such a program. She continued that this effort will by no means solve the affordable housing dilemna; it is one area where the Count can provide some opportunities for home ownership. Waddell also expressed concern with the