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15 <br /> Slide #16 <br /> Action Items to Expand Affordable Housing Incentives and Opportunities <br /> Housfng and Community Development Department <br /> AstWol't6rfi G*Iuipdon <br /> 2.4 Pursue an a Hordable RbrsueanAffordable Hoitsafig Bond In the next viable bond year.Orange Cob ntV allocated rerfulnIng$2.51mlillon In 2016 Affordable <br /> housing bond in the newt Hovsialy6ondFundstoaffordablehousrngdevelopmentprojmtsIn2020,teveragrngth,ecreationandpreservatlonof261 <br /> viable bond year affordable housing units, <br /> 2.sCreateanaturally Create apubllc-prwate%ndto pro v.memwcostfinantingforatqulsltlan and rehablllt awn ofNaturally-OtturrIngAffordable <br /> ❑.5ureaeafhat rally �s. H°�" INDAH[properties wrtlrnorangecounty.NC?AHfundsenablescxaally-mindeddevetapersxqureNCW1 pro pertles,mahe <br /> }manufactured able hg rnodestupgrades,removethean I!romthe speculative housingmarket and premrvetheii affordability.Ideal,tbefundwould be <br /> narmeaturedtion rd flexible in mature.akvirkg for preservationofrentat properties.mobile hweandharneownerrehabilitatianas well asflexible <br /> preservfunds for mbda home resident displacemeDt and affordable hptrgir.g gap finarrciDs. <br /> 2.6Publlie6n.catlonmW Thereisa need toemparrdprrbiccartreachanderr3agemertamwicl County proerarnsarrde*tirbsresoureesin place tosuppom <br /> ❑utreachre County ietain,andynairruin eristingaffordable housing stock,The Housing Helpir■e has conr■ected thbaaands of Drarbse County residents <br /> pros rarns,contirwed to housing services and fesourcesandthe Hoidang Access Cocirdiimator has Increased landlord partIcipawa in County programs. <br /> errg"ementvrithlandlords However there Is not sufficlent stall capautV for thorough conwnunity outreach and engagement. <br /> and developers <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br /> Slide #17 <br /> Action Iterns to Expand Affordable Housing Incentives and Opportunities <br /> Housinq and Communi't Development De artment <br /> AdWonlbM1r DUICA blon <br /> a.Aoquire land for the purpose of affordable housingdevelopmer.t, <br /> 3.8Leverage public Land for In.Donate or sell underutIlIzed cobaty owned parcels for the development of affordable luxising.This action irtem was previoLff4 <br /> affordable housing Initlated by orange County In 2017and resulted In the constroctronoftwoaffordable houru guhtsan County owned parcels.Thms <br /> development action item may continue with a locus on the remaining rrm County owned parcels and the Greene Tract,This strategy would also <br /> involvean ftFP process and;obicengagernent, <br /> 3.9Expand down payment Provldeaddhtianalkxal funds for a down payment assistance prograratoaaeletlower-wealthresldenugaln access to <br /> aseletanr,e for low and horneownerehlpopportunitles.Aselstamecanbeoferedmavarietyoflormerincludingasagrantano-or low-Interestamor ing <br /> moderate income houmholds loan or a,deferred bean in which iepayment is not due uMi the resale erf the harm.Habiun for Humanity of Corsage County currently <br /> provides second mortgage assistarraatolow-incorrehornebupersWr4s HOME Pragrarnfunds. <br /> Develop a strategy for fostering affordable misOm-nrdlde kxWns development in Orange County,irr¢Juriim technical <br /> 3.10 Develop anrissirrg assistanceJcapacitybuildingsupporttodevelopersseeldggtobuildaffordaflemissingn*MhousinMposii,e,amessorydrrelling <br /> middle housingstrategy unit&,duplexes,trlplexes and cottage courts).This strat%V would cornpleirnent proposed airnandirnents to the CDwity's UDD <br /> targeting regulatory and land use obstacles tomiseingntiddle fwusingtypes. <br /> y.r�4 <br /> ORANGE COUNTY <br /> NORM l CAROLINA <br /> Commissioner Richards asked if there is a reason the County owned parcel option was <br /> in the long-term action items list. <br /> Maria Dewees said staff was thinking of it in terms of cost and the resources needed to <br /> acquire large parcels. <br />