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18 <br /> Acquire Properties for Affordable • Town completed acquisition of four CASA units in Ashley Forest in September <br /> Housing Preservation <br /> POLICY <br /> Explore creation of Employee Housing • Housing Advisory Board reviewed pilot program in October 2018 <br /> Incentives • Staff to return to Council with proposed pilot program in November 2018 <br /> Participate in LUMO Re-Write Project • Housing and Community staff continue participation in project as member of project <br /> team <br /> FUNDING _��i <br /> Implement investment Plan for • Town launched information campaign for the 2018 Affordable Housing Bond Referendum <br /> Affordable Housing <br /> Manage Affordable Housing Funding • Town received Affordable Housing Development Reserve(AHDR)funding applications <br /> Programs-CDBG, HOME,AHDR,AHF and reviewed by Housing Advisory Board <br /> • Council approved HAB recommendation for AHDR funding in October 2018 <br /> MANAGING TOWN-OWNED HOUSING <br /> Public Housing Master Plan • Staff update to Council provided in September 2018 <br /> • Staff's next update scheduled for winter 2019 <br /> MEASUREMENT AND REPORTING <br /> Provide an Annual Housing and • Staff created Annual Housing and Community Report with updated format <br /> Community Report <br /> Update County-wide Affordable Housing • Staff and Affordable Housing Coalition partners updated database in August with latest <br /> Database data from providers and Town <br /> COMMUNICATIONS It <br /> Implement a Communications and • Town launched information campaign for the 2018 Affordable Housing Bond Referendum <br /> Marketing Strategy <br /> Notes & Citations <br /> • The percentage of renters and homeowners that pay more than 30%of their income on Housing,the number and <br /> percentage of cost-burdened housing, and total occupied housing units in town data source is U.S.Census Bureau, 2012- <br /> 2016 American Community Survey 5-Year Estimates <br /> • HUD defines cost-burdened families as those who pay more than 30 percent of their income for all housing related <br /> expenses and may have difficulty affording necessities such as food,clothing,transportation,and medical care. <br /> • The median household income data source is the HUD FY2018 Median Family Income Estimates based on American <br /> Community Survey data for the Durham-Chapel Hill Metropolitan Statistical Area. <br /> • The median home value data source is Zillow.com <br /> • The total budget for affordable housing strategies captures all Town expenditures for affordable housing.This includes the <br /> Affordable Housing Fund,CDBG Funds,and operating funds, among others. <br /> • The percentage of housing units that are affordable to households with income under 80%AMI includes naturally occurring <br /> affordable housing and units subsidized by the Town.The data source for this metric and corresponding chart is the <br /> commercial real-estate research firm Co-Star and the County-wide data inventory created through the Orange County <br /> Affordable Housing Coalition. <br /> • The percent of budget allocated metric displays the percentage of the Town budget for affordable housing projects <br /> allocated as of the date of the quarterly report. <br /> Prepared by Town of Chapel Hill Office for Housing and Community—October 2018 14 <br />