Agenda - 03-20-2001-5a - Laserfiche WebLink

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A r ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: March 20, 2001 Action Agen a Item No. .- SUBJECT: Orange Community Housing Corporation (OCHC)/Community Land Trust in Orange County (CLTOC) Merger DEPARTMENT: Housing/Comm. Dev. PUBLIC HEARING: (Y/N) No ATTACHMENT(S): INFORMATION CONTACT: Letter Tara L. Fikes, ext 2490 Resolution TELEPHONE NUMBERS: Hillsborough 732181 Chapel Hill 968-4501 Durham 688-7331 Mebane 336-227-2031 PURPOSE: To adopt a resolution in support of the merger of the Orange Community Housing Corporation and the Community Land Trust in Orange County. BACKGROUND: The Board of Commissioners has received the attached letter from the Board Chairs of the Orange Community Housing Corporation (OCHC) and the Community Land Trust in Orange County indicating their desire to merge the two organizations. The Orange Community Housing Corporation was incorporated in 1990 to address the affordable housing needs in the County. Specifically, the mission of the organization is to initiate and support the construction, conversion, or rehabilitation of both rental and owner- occupied housing units for families and individuals in Orange County with incomes at or below 80% of the area median income. The Community Land Trust in Orange County (CLTOC) was incorporated in May, 1999 to provide a way to create a permanent stock of affordable housing for low and moderate income families in the community. The two organizations have worked together, utilizing the same staff, since the inception of the CLTOC; thus the proposed merger is not expected to cause any change in the tangible housing projects implemented by both organizations. Rather, this merger is proposed in order to have greater organizational efficiencies by operating as one entity. FINANCIAL IMPACT: There is no immediate financial impact. The Board of County Commissioners presently provides administrative financial support to both organizations through the annual non-departmental budget. Should the merger occur, the cumulative total will be requested by one organization.