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44 <br /> 2.1 Increase number of rental units that are permanently A. Modify ordinance to reflect a model that will both Q1 FY 2015-16 Developers/Property Owners,OC <br /> affordable to individuals and families earning less than incentivize developers to include affordable units in their rental Housing Coaltion <br /> 60% of AMI. 2024 goal is to have 470 affordable rental developments while also responding to market conditions. <br /> units. In 2014 there were 349 affordable rental units. <br /> This is an average annual increase of 12 units. <br /> B. Work with Orange County,the University, and other Ongoing Local governments,property owners, <br /> landowners to examine,identify and reserve one or more tracts University <br /> for future LIHTC and/or HUD-restricted rental communities. <br /> C. Better position the town for future affordable rental Ongoing OC Housing Coalition,NC Housing <br /> development/redevelopment opportunities by cultivating Coalition,DHIC <br /> relationships with experienced non-profit affordable rental <br /> housing developers. <br /> 2.2 Reduce negative effects of parking requirements on A. Fully examine research and data regarding parking density Q4 FY 2015-16 Expect consultant to parking plan <br /> rental prices. and "bundling" to determine best approaches to achieve this will provide some assistance. <br /> goal. Possible UNC Planning Workshop. <br /> B. Utilize Town's parking management policy to support this Q4 FY 2015-16 " <br /> goal. <br /> 2.3 Slow the pressure on rental prices by increasing A. Examine and consider reducing restrictions on accessory With 1) above <br /> rental housing stock,particularly in high-transit areas. dwelling units. This strategy has the potential to support <br /> homeownership affordability by enabling homeowners to <br /> generate income to support their homeownership costs. <br /> 2.4 Reduce erosion of rental housing quality and A. Research effective voluntary rental registry models and With 1) above <br /> affordability determine the efficacy of a similar program in Carrboro. If <br /> feasible, determine opportunities to implement a registry or <br /> rating system through a non-profit or other civic organization, <br /> with Town support. <br /> 3 <br />