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17 <br /> Attachment B- Action Items to Expand Affordable Housing Incentives and Opportunities <br /> 2. Mid-Term - Intermediate Complexity Item Description <br /> 2.1 Orange County UDO Text To continue efforts to address barriers to affordable housing, a second text amendment package may be presented to address regulations pertaining to efficiency <br /> Amendments (Phase 2) - apartments, accessory dwelling units, and home parks. <br /> Dwelling Based <br /> Complete a thorough examination of the existing Orange County Density Bonus policy to allow for a greater density for those projects which contain housing for low-to <br /> 2.2 Modify Existing Density moderate-income households.To date, a developer has never pursued this policy. Current policy generally allows for 25% more density where at least 40%of units are <br /> affordable. This bonus is not available in the protected watershed.This will include an analysis to determine a more viable density bonus for developers, which may be <br /> Bonus more practicable and feasible to pursue. Current bonus is authorized by special legislation, and thus alterations to this bonus would likely require additional special <br /> legislation. May result in amendments to the UDO. <br /> 2.3 Utilize Development Explore the use of development agreements for particular affordable housing projects. Engage with individual developers or create a general policy to exchange vested <br /> Agreements rights in long-term projects for several considerations including the provision of affordable housing. May result in amendments to the UDO. <br /> 2.4 Pursue an affordable <br /> housing bond a the next Pursue an Affordable Housing Bond in the next viable bond year. Orange County allocated remaining$2.5 million in 2016 Affordable Housing Bond Funds to affordable <br /> viable bond year housing development projects in 2020, leveraging the creation and preservation of 261 affordable housing units. <br /> 2.5 Create a naturally Create a public-private fund to provide low cost financing for acquisition and rehabilitation of Naturally-Occurring Affordable Housing(NOAH) properties within Orange <br /> occurring affordable housing/ County. NOAH funds enable socially-minded developers acquire NOAH properties, make modest upgrades, remove them from the speculative housing market and <br /> manufactured housing preserve their affordability. Ideally,the fund would be flexible in nature, allowing for preservation of rental properties, mobile home and homeowner rehabilitation as <br /> preservation fund well as flexible funds for mobile home resident displacement, and affordable housing gap financing. <br /> 2.6 Public education and There is a need to expand public outreach and engagement around County programs and existing resources in place to support, retain, and maintain existing affordable <br /> outreach re County programs, <br /> continued engagement with housing stock.The Housing Helpline has connected thousands of Orange County residents to housing services and resources and the Housing Access Coordinator has <br /> landlords and developers increased landlord participation in County programs. However there is not sufficient staff capacity for thorough community outreach and engagement. <br /> 2 <br />