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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: November 5, 2003 <br />Action Agend <br />Item No. 9-~ ~ <br />SUBJECT: Orange Community Housing and Land Trust (OCHLT) Board of Directors <br />DEPARTMENT: Board of Commissioners <br />PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />OCHLT Info Sheet <br />INFORMATION CONTACT: <br />Clerk's Office, ext. 2130, 2125, 2126, 2129 <br />TELEPHONE NUMBERS: <br />Hillsborough 245-2130 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To consider an appointment to the Orange Community Housing and Land Trust <br />(OCHLT). <br />BACKGROUND: The Orange Community Housing and Land Trust was created in July 2001 <br />as the result of merging two existing non-profit organizations: OCHC -Orange Community <br />Housing Corporation and CLTOC -Community Land Trust in Orange County. A community land <br />trust (CLT) keeps housing affordable for future generations by controlling the price owners <br />receive when they sell their homes. The CLT model was created in the 1970s; there are <br />presently over 120 CLTs throughout the United States. <br />Since 1991, Orange Community Housing Corporation (OCHC) had created a variety of rental <br />and owner-occupied housing, focusing on families and individuals with income levels at or <br />below median income in Orange County. Its operational funding was provided by the four local <br />governments of Orange County, the Town of Chapel Hill, the Town of Carrboro, the Town of <br />Hillsborough and Orange County Government. <br />In 1999, the CLTOC was established to provide opportunities for low and moderate income <br />households to secure decent, affordable housing and keep it permanently affordable utilizing <br />the community land trust model. CLTOC was staffed by OCHC and partnered with OCHC to <br />develop the first land trust project, the Legion Road Townhomes in Chapel Hill. <br />With the support of both organizations and the four local governments, OCHLT was formed in <br />order to achieve greater operational and fiscal efficiency, as welt as a strengthened mission and <br />purpose regarding affordable housing. <br />