2018-130-a Housing - CASA unit transfer

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11I IiIII V�1ga 111[1[lj V III g��urh��ii�� The proposed disposition of the four (4) scattered site condos to the Town of Chapel Hill is only a transfer in ownership - no sale proceeds will be generated. If the proposed transfer is approved, restrictions regarding "affordability" under the current Agreement will be assumed by the new owner. The units are occupied and the Town intends to keep all current tenants in place. However, when vacancies occur, the Town will utilize the units as transitional housing for families preparing to move out of Public Housing as their economic situation improves. The maximum allowable income for an individual or family occupying the units would be 50% of the area median income (AMI). The Town of Chapel Hill will manage the units, perform annual tenant certifications and conduct routine maintenance. The Town had the units inspected by a licensed home inspection company. All units are in need of some level of rehabilitation, ranging from light /moderate to substantial. The Chapel Hill Town Council has adopted a resolution accepting the transfer of the four (4) units, and authorizing up to $65,000 to be used toward renovation costs and the satisfaction of a private mortgage on the units, if the BOCC approves the transfer. Commissioner Price asked if there was any other rationale for the second part of the recommendation. Sherrill Hampton said this was before her time, and she said expediting these processes can assist these non - profits in pursuing properties. Commissioner Price asked Commissioner Jacobs if he remembered. Commissioner Jacobs said he assumed that it was just a tracking process. A motion was made by Commissioner McKee, seconded by Commissioner Price for the Board to approve CASA's request to transfer the four (4) scattered site condos to the Town of Chapel Hill. The Manager also recommends that the Board allow CASA to make future transfers of any remaining units to Orange County local jurisdictions without subsequent Board review and approval. Furthermore, the transfer of ownership must allow for continued affordable housing use or meet another identified community need. VOTE: UNANIMOUS b. Resolution Authorizing the Participation in the North Carolina Health Insurance Pool (NCHIP) The Board considered approving the Manager's recommendation to join the North Carolina Health Insurance Pool (NCHIP) effective July 1, 2018. NCHIP is a new health risk pool coordinated through Gallagher Benefit Services, which provides economies of scale and risk pooling to provide greater financial stability among participating North Carolina counties, cities, and towns, and authorize the Chair to sign. Brenda Bartholomew, Human Resources Director, said Wes Grigston and Gregg Aleman, Gallagher Benefit Services, will make the following PowerPoint presentation: North Carolina Health Insurance Pool (NCHIP) February 6, 2018 What is NCHIP? • Intergovernmental agreement • Allowed by the State, Regulated by the DOI.