Agenda - 10-21-2003-9b - Laserfiche WebLink

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4 However, we can partner with agencies that serve these populations to provide/develop housing. In this respect, it would make sense for those agencies to first identify their clients' housing needs, and then partner with OCHLT to develop that housing. The Board recognizes affordable rental housing has already been identified as a pressing need in the county. We would be eager to participate in another tax credit rental development, but the right opportunity has not come along. It should be noted that we lack the capacity to manage many rental units, so the management function would need to be out-sourced. III. Should OCHLT focus more on renovating older homes? During the past five years we have become more skilled in developing new properties than in renovating existing homes. Our staff does not possess the construction expertise necessary to be successful with renovation work. In addition, our experiences with older homes have caused us to become cautious about becoming involved with homes needing extensive work. These homes often entail greater risk for the organization (as with the home on Milton Avenue that we recently purchased that has foundation problems) that can become very costly. As a result, we intend to limit the scope of our rehab work to just newer homes, like those in Culbreth Park in Chapel Hill. There are other organizations that are better able to renovate older properties. We want to serve the local governing boards in a way that serves each of your needs. However, we must be mindful that with a five person staff, our capacity is limited. Naturally, we will be happy to be present when each board discusses this matter, so please inform us of the date. Thank you again for your continued support. Copies to: John Link, Jr. Orange County Cal Horton, Town of Chapel Hill Eric Peterson, Town of Hillsborough James Harris, Town of Carrboro