Orange County NC Website
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<br />Orange Community Housing and Land Trust <br />Information for Board of Directors members <br />Some background <br />Orange Community Housing and Land Trust (OCHLT) was created in July 2001 as the result of <br />merging two existing non-profit organizations. Since 1991, Orange Community Housing <br />Corporation (OCHC) had created a variety of rental and owner-occupied housing, focusing on <br />families and individuals with income levels at or below median income in Orange County. Its <br />operational funding was provided by the four local governments of Orange County, the Town of <br />Chapel Hill, the Town of Carrboro and the Town of Hillsborough. In ].999, the Community Land <br />Trust in Orange County (CLTOC) was established to provide opportunities for low- and moderate- <br />income households to secure decent, affordable housing and keep it permanently affordable <br />utilizing the community land trust model. CLTOC was staffed by OCHC and partnered with <br />OCHC to develop the first land trust project, the Legion Road Townhomes in Chapel Hill. With the <br />support of both organizations and the four local governments, OCHLT was formed in order to <br />achieve greater operational and fiscal efficiency, as well as a strengthened mission and purpose <br />regarding affordable housing. <br />A community land trust (CLT) keeps housing affordable for future generations by controlling the <br />price owners receive when they sell their homes. It balances a homeowner's ability to develop <br />wealth with the community's desire to maintain a variety of housing affordable to all of its citizens. <br />The CLT model was created in the 1970s; there are presently over 120 C'LTs throughout the United <br />States. <br />Composition of the Board of Directors <br />• The Board shall represent a diversity of technical skills to enable the Boazd to make informed, <br />well-balanced decisions on the economic viability and social impact of its activities <br />• There shall be socio-economic, racial, gender and geographic diversity among the Board of <br />Directors <br />There are I8 directors, as follows <br />• (6] Lessee Representatives <br />Nominated by Lessee Members and elected by the Regular Membership <br />• (6] General Representatives <br />__~Lominatedl~y_General Members and elected. by the Regular Membership <br />--- -- <br />[6] Public Representatives - _- <br />1 A ointed by the Orange County Board of Commission--_- ers <br />(1) Appointed by the Chapel Hill Town Council - " - J <br />(1) Appointed by Carrboro Board of Aldermen <br />(1) Appointed by the Hillsborough Town Boazd <br />(1) Appointed by The University of North Carolina at Chapel Hill <br />(1) Nominated and elected by the OCHLT Board of Directors, representing a local nonprofit <br />organization that provides housing or other services for low- or moderate-income people. <br />OCIILT Information for Board ojDirectors members September 2, 2003 I <br />