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16 support the investment plan. The proposed referendum, for up to $10.0 million of Affordable 1 Housing Bonds, was approved on March 21st and would be scheduled for November 6, 2018. 2 The amount of the proposed referendum is based, in part, on the target number of affordable 3 housing units and the average subsidy per unit. On March 21, the Council is scheduled to 4 consider a preliminary resolution to pursue a bond referendum in November. 5 6 c) Town Homestead Road Project 7 Loryn Clark reviewed the following information: 8 The Town has engaged a design firm to create a concept plan for development of a Town-9 owned site located at 2200 Homestead Road site. Town staff has met with potential community 10 partners and held two public meetings. Town staff is currently incorporating feedback received 11 to date into a single concept plan for submittal to the Town’s Community Design Commission in 12 April and the Town Council in June. 13 Council Member Anderson said this was envisioned as a partnering effort with UNC 14 Healthcare, and asked if there is a status update. 15 Loryn Clark said conversations are ongoing with UNC Healthcare, and information was 16 recently received that the partnership may not work. She said the partnership was intended to 17 bring in a few million dollars to help with construction and infrastructure. She said other 18 possible partners are being researched, as well as low-income housing tax credits, and other 19 potential funding for this site. 20 Commissioner Price asked if the Town would be looking to the County for any type of 21 assistance. 22 Loryn Clark said this is possible, and these projects have been shared with the 23 affordable housing collaborative group. 24 Commissioner Price said she was thinking more of the financial side of things. 25 Mayor Hemminger said financial collaboration is always welcome, and the Town is trying 26 to discern where it stands with UNC. 27 Council Member Parker referred to the mix of incomes, and asked if any of those would 28 be market rate mix, or just mix of incomes within the affordable housing umbrella. 29 Loryn Clark said their consultant has run models for both, and she said they are in the 30 process of narrowing this down. She said if mixed income development is included in this site, 31 the Town’s subsidy will be lowered, which may be desirable. She said this information is being 32 analyzed, and further information will be provided to the Council. 33 Council Member Oates said the Council passed a resolution that this project would be a 34 mix of market rate and affordability. She said the public often discusses the racial component 35 when discussing affordable housing; that there are many people of color who are eligible for low 36 income subsidized housing, and when projects are built that are only subsidized housing, it 37 segregates this population. She said the goal is to mix in affordable housing with market rate 38 housing. 39 Mayor Hemminger said opportunities for further collaboration can be discussed further 40 in the future. 41 42 d) Town Plans for Redevelopment of Public Housing Sites 43 Loryn Clark reviewed the following information: 44 The Town of Chapel Hill owns and manages 336 currently occupied public housing apartments 45 in 12 communities throughout Town and one in Carrboro, ranging from two bedroom to 5 46 bedroom units and they are assessing all of these sites. The Town is creating a Public Housing 47 Master Plan. The purpose of the Plan is to guide the Town’s decision making related to the 48 maintenance, development and redevelopment potential of the Town’s public housing inventory. 49 The first phase of the plan included an inspection of all properties using federal standards and 50