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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: February 17, 2004 Action Age da Item No. ~_ ,e _L~. SUBJECT: Orange Community Housing and Land Trust (OCHLT) Board of Directors DEPARTMENT: Board of Commissioners PUBLIC HEARING: (YIN) No ATTACHMENT(S): Letter from Robert Dowling OCHLT Info Sheet INFORMATION CONTACT: Clerk's Office, ext.. 2130, 2125, 2126, 2129 TELEPHONE NUMBERS: Hillsborough Chapel Hill Durham Mebane 245-2130 968-4501 688-7331 336-227-2031 PURPOSE: To consider an appointment to the Orange Community Housing and Land Trust (OCHLT), BACKGROUND: The Orange Community Housing and Land Trust was created in July 2001 as the result of merging two existing non-profit organizations: OCHC -Orange Community Housing Corporation and CLTOC -Community Land Trust in Orange County. A community land trust (CLT) keeps housing affordable for future generations by controlling the price owners receive when they sell their homes. The CLT model was created in the 1970s; there are presently over 120 CLTs throughout the United States. Since 1991, Orange Community Housing Corporation (OCHC) had created a variety of rental and owner-occupied housing, focusing on families and individuals with income levels at or below median income in Orange County. Its operational funding was provided by the four local governments of Orange County, the Town of Chapel Hill, the Town of Carrboro, the Town of Hillsborough and Orange County Government. In 1999, the CLTOC was established to provide opportunities for low and moderate income households to secure decent, affordable housing and keep it permanently affordable utilizing the community land trust model. CLTOG was staffed by OCHC and partnered with OGHC to develop the first land trust project, the Legion Road Townhomes in Chapel Hill. With the support of both organizations and the four local governments, OCHLT was formed in order to achieve greater operational and fiscal efficiency, as well as a strengthened mission and purpose regarding affordable housing.