Orange County NC Website
30 <br /> GOAL 9: Continue to pursue available resources (financial <br />and non-financial) and assess and implement a County <br />dedicated funding source(s) needed to provide the financial <br />resources necessary to address the widening gap in <br />affordable housing needs and available housing to meet <br />that need in the County recognizing that lack of a reliable <br />and on-going source of funding: <br />1) adver sely impacts an increasing amount of residents that <br />are low and modest income, seniors, with a disability and <br />the most vulnerable; <br />2) seriously constrains and minimizes community efforts to <br />meet that need; <br />3) Orange County values inclusive, caring, strong <br />communities with opportunities for all residents to become <br />self-sufficient and that affordable housing provides a <br />fundamental foundation; and <br />4) available land and existing units loss are opportunities <br />that may not be regained. <br /> <br /> <br />Strategies Action/Recommendation <br />9.1: Encourage support for the planned County Bond Issue <br />for schools and affordable housing and continue to increase <br />community understanding of the need and benefit to the <br />entire County; that the proposed Bond will not only meet <br />critical education capital and affordable housing needs of <br />the County, but will also: <br /> <br />1) provide an increase in jobs, <br />2) reduce blight and unsafe housing conditions and <br />strengthen and improve communities; <br />3) contribute to the local economy by attracting and <br />retaining a talented, diverse and skilled workforce <br />needed by employers; and finally, <br />4) add to the quality of life by reducing the number of <br />residents who must commute or leave the County to <br />have affordable housing. <br /> <br />9.2: Continue to support and provide an increased source of <br />funding beyond federal HOME funding (that still provides an <br />important resource but has been significantly and <br />increasingly reduced over the past several years) to the <br />extent practicable for on-going affordable housing <br />programs and projects by the County’s local non-profit <br />housing providers and continue to ensure priority needs are <br />being met as well as encouraging maximum leveraging and <br />sustainability. <br /> <br />9.3: Continue to provide and maintain a set aside of funding <br />for land banking and acquisition opportunities for current <br />and future affordable housing development. <br />AR28: The County Manager will assess and <br />recommend to the BOCC a dedicated <br />funding source(s) needed and a plan of <br />implementation to provide a source of <br />reliable funds for affordable housing <br />starting with FY2016-17. <br /> <br />AR29: Provide and maintain a set aside of <br />funding for land banking and acquisition <br />opportunities and keep this fund <br />opportunity driven. <br /> <br />AR30: Seek and support opportunities to <br />partner with community and municipal <br />partners on: 1) major projects and or <br />funding applications to federal, state and <br />private funders and <br />2) building a stronger and more productive <br />relationship with local and regional financial <br />institutions. <br /> <br />AR31: Seek and support opportunities to <br />partner with community and municipal <br />partners in carrying out the strategies and <br />actions of this Plan. <br /> 145