Orange County NC Website
15 <br /> 1 Slide #16 <br /> Action items to Expand Affordable Housing Incentives and Opportunities <br /> Housing arra' Community De eilopment Department <br /> Action t#rrn IA.scrdp[ism Q <br /> 7.4 Pursue an affordable Pursue&n.Affordablle Hott&lngBorid In thenextwblebondyear.Grangeccuntyallocatedremaining$2-SmllllonIn2016Affordable <br /> housinghondilnthe next How"BOW Funds to affardathe Inot"developraent projects In 2020,leveragingtlie creation and pFeservatlonofmi <br /> viable bond year affordable housing units, <br /> a-S Create a naturally create a publlc-pnv ate fund to pfaviifelow cost fiuncIngfofacquIsI don and rehab 111taban of Naturally-occurringAfford&ble <br /> occurring affordablehoikung HotririgjNOAH IpropertieswithnGrange County.NGAHfuads emblesocally-fnlndeddevelopers ac"reNOAH propertles,make <br /> imwymodest upgrades,rentme thein from the speculative housing mart of and preserve their affordabiitW,Idegy,the fund would be <br /> presei ationf ndusi,re ilemibleinnature,a�rw:aks for preservation ofrental properties.mwb�ehoneandhonwownerfehabilitationaswell asflesible <br /> preservation fund fir,rd3For mobile home rrasident displacemewt,aW aff€rrdabae hrxrsing gap finanenog, <br /> 2.6 Public e6trtatlonand Thereisaneed toompanttpubicoutteachandengagement aroundCounty prograrnsand eaistingTerrnrcesin:placetosupport, <br /> outreachre County retain,andmaintain emisting affordable housing stock.The Housing Hellplline has COPPeCtOd tfKK*ands of Orange County re5idents <br /> pros ra rns,continued to lwusngservlcesaadreseurcesanrttheHvusingAccessCoordinatorhasIncreasedlandlordpa7ticlpawninCountyprograms. <br /> engagement with landlords H&&everthere Isnot suflcleiwtstaffeapacinfor thotougllconrmunityfoutrewhanderigagement- <br /> aaddevelopers <br /> rRANCC E COUNTY <br /> P+113R"I-11 ,*:A ROIJINIA <br /> 2 <br /> 3 <br /> 4 Slide #17 <br /> Action Items to Expand Affordable Housing Incentives and Opportunities <br /> Housinq and +Communit Development Department <br /> ent <br /> Avdam ltecn deterJplian <br /> a.AoW*elaWfortJw purposeofaffordablehousingdevekbcpartent. <br /> 3.8 Leverage pablic Land for b.t�oriateorsell underutlliaed nty�ownedparcels for the aevelopmentofaffordat�Ileha�,c .This acrtibmrtemwas previously <br /> affordable housing inldatedbVGrange County In2017and rasiltedInthe constructionoftwo affordable hrsrrsingvtrrtsan County owned parcels-Ttws <br /> develvprnant action iternrnaycontinue wOafocus ontherernainingm■eCounty awrredparcels and the Ure Tract.This strateggrw also <br /> invoke an RFP process and pubic engagement, <br /> 3-9Eupanddown pavrnent Provide additional kxal funds for a down payment assistance program in assist kywer-marth residents gain access to <br /> assista eeforkswaad homeownershipopportunitles.:4sslstancecanbeofferedinavarietyofforms,Indudingasagiantano-orlow-Inteiestamortpmg <br /> moderate income hcmiseholds loan or a deferred kin in which repayment is not due untU the resat sf the hone.Habitat for Humanity of Orange County currerntly <br /> provides second mortgage assistan.zetolow-inconletiomebuyers uSirq HOME Program Funds <br /> l evellop a strategy for fustering affor4able nissine-middLz h�Dusine developnwnt ii,aarange County,in,cfu f ng technical <br /> 3.10 Develop arnissing assistance/capacity building supP4rttodevekrpersseekiragto affowdabilermissingmiddfehQusing"slioe,xsessorVd lling <br /> middle housingstrategy units,duple-aes,trlpleraesand cottaygeoraertsy.Thisstrategyweuldcmpla ewproposedariendmentstothe nty'sUID0 <br /> targeting regulatory and land use abstaties to missing riddle houshlg types. <br /> 'ORANGE COUNTY <br /> N14C7RT1 I CAROLINA <br /> 5 <br /> 6 <br /> 7 Commissioner Richards asked if there is a reason the County owned parcel option was <br /> 8 in the long-term action items list. <br /> 9 Maria Dewees said staff was thinking of it in terms of cost and the resources needed to <br /> 10 acquire large parcels. <br />