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18 <br /> ROC uss <br /> ,t <br /> "People are no longer tenants, <br /> they're owners —and that makes <br /> them feel good.The security is <br /> the very,very best part." Ja <br /> JEAN STEWAFT CAROL INAS <br /> Hnoen rrae rnwe,wae.wJrnw.xaa+. <br /> RQCusa' Contact Information <br /> www-commonenterprise.coop www.ROCUSA.orR <br /> 919-246-9929 Mary O'Hara <br /> Durham, North Carolina mary@rocusa.org <br /> Thomas Beckett <br /> thomas@cvmmonenterprise.coop <br /> Teia Evans <br /> teia@eommanenterprise.coop RD <br /> CAROLIHAS <br /> Commissioner Fowler thanked the presenters. She said there are big pressures on <br /> mobile home communities in Chapel Hill. She asked if clarification could be provided on how <br /> the program would help communities in Chapel Hill. <br /> Thomas Beckett said the program can help communities by creating opportunities for <br /> financing so they can purchase their properties, and remove them from the speculative market. <br /> He said properties with a high asset value have a high purchase price. He said the program <br /> can help with financing, but a higher price makes the rent unaffordable for residents. He said in <br /> these types of situations, the program looks for alternative financing to reduce the costs of the <br /> loan for residents. <br /> Mary O'Hara said meeting the purchase price of a high asset value can make it difficult <br /> for residents, so the program seeks financial assistance from community groups or local <br /> governments. She said, in some cases, government funding can lower the interest rate, which <br /> makes it more affordable for residents. <br /> Chair Price said she spoke this morning with the local Mayors, and it was suggested that <br /> the Orange County Affordable Housing Collaborative be enlarged by adding a member from <br /> each jurisdiction, and including non-profit organizations that work with housing. She said the <br /> collaborative could research programs like ROC USA and Carolina Common Enterprise. She <br /> said the Board of County Commissioners (BOCC) could expand the charge of the Affordable <br /> Housing Collaborative. <br /> Commissioner Dorosin said local government can aid in financing, and asked if there <br /> are other ways local government could be involved. He noted previous ideas for assisting <br /> residents in mobile home parks. He said he is not sure adding so many members to the <br />