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16 <br /> <br />Mayor Hemminger said it seems a good idea to get a clear picture of the current areas <br />of collaboration, prior to moving on to further discussion. <br />Commissioner Marcoplos said the next six items related to affordable housing, and any <br />ideas that may arise regarding collaboration could be suggested throughout these items. <br />Town Council Member Schaevitz referred to the comments about the public being <br />unaware of the many areas of collaboration, and suggested creating 90-second videos of the <br />areas of collaboration to put on social media platforms. <br />Sherrill Hampton said staff will take these comments back and work on these <br />suggestions. <br /> <br />b) Town’s Affordable Housing Bond Referendum <br />Loryn Clark reviewed the following information: <br />In support of the Chapel Hill 2020 theme of creating a place for everyone, on February 21, <br />2018 the Town Council adopted a framework to develop and preserve affordable housing <br />opportunities in Chapel Hill. Staff also developed annual and five year targets for development <br />and preservation of affordable housing. The Council also reviewed an investment plan that <br />identifies General Obligation (G.O.) bonds as the most effective and efficient funding source to <br />support the investment plan. The proposed referendum, for up to $10.0 million of Affordable <br />Housing Bonds, was approved on March 21st and would be scheduled for November 6, 2018. <br />The amount of the proposed referendum is based, in part, on the target number of affordable <br />housing units and the average subsidy per unit. On March 21, the Council is scheduled to <br />consider a preliminary resolution to pursue a bond referendum in November. <br /> <br />c) Town Homestead Road Project <br />Loryn Clark reviewed the following information: <br />The Town has engaged a design firm to create a concept plan for development of a Town- <br />owned site located at 2200 Homestead Road site. Town staff has met with potential <br />community partners and held two public meetings. Town staff is currently incorporating <br />feedback received to date into a single concept plan for submittal to the Town’s Community <br />Design Commission in April and the Town Council in June. <br />Council Member Anderson said this was envisioned as a partnering effort with UNC <br />Healthcare, and asked if there is a status update. <br />Loryn Clark said conversations are ongoing with UNC Healthcare, and information was <br />recently received that the partnership may not work. She said the partnership was intended to <br />bring in a few million dollars to help with construction and infrastructure. She said other <br />possible partners are being researched, as well as low-income housing tax credits, and other <br />potential funding for this site. <br />Commissioner Price asked if the Town would be looking to the County for any type of <br />assistance. <br />Loryn Clark said this is possible, and these projects have been shared with the <br />affordable housing collaborative group. <br />Commissioner Price said she was thinking more of the financial side of things. <br />Mayor Hemminger said financial collaboration is always welcome, and the Town is <br />trying to discern where it stands with UNC. <br />Council Member Parker referred to the mix of incomes, and asked if any of those would <br />be market rate mix, or just mix of incomes within the affordable housing umbrella. <br />Loryn Clark said their consultant has run models for both, and she said they are in the <br />process of narrowing this down. She said if mixed income development is included in this site,