Orange County NC Website
Browse       Search
2 <br /> FY 2026-27 and FY 2029-30 for a total of$15 million for affordable housing development over ten <br /> years. <br /> In addition, working with colleagues in the Planning & Inspections Department, Asset <br /> Management Services, and the County Attorney's Office, staff identified eleven (11) parcels of <br /> land that could be appropriate for affordable housing development. Staff are requesting that the <br /> Board: <br /> 1) Declare these eleven (11) parcels of land surplus for affordable housing; <br /> 2) Authorize staff to proceed with an RFP offering $769,680 in remaining bond funds, $5 <br /> million in CIP affordable housing funds, and these eleven (11) parcels to affordable housing <br /> developers; and <br /> 3) Authorize the conveyance of these County-owned parcels to affordable housing <br /> developers by private sale or other means. <br /> The attached resolution authorizes the County Manager to: <br /> 1) Declare these eleven (11) parcels as surplus for affordable housing: <br /> PIN Location Jurisdiction Acreage <br /> 9865614458 108 Mollie Court Hillsborough 1.24 <br /> 9865517394 229 Daye Street Hillsborough 0.64 <br /> 9865622018 Faucette Mill Road Hillsborough 0.67 <br /> 9844786326 US 70 West Orange County 0.07 <br /> 9844881230 US 70 West Orange County 1.37 <br /> 9844786242 US 70 West Orange County 0.41 <br /> 9778941081 Wentworth Street Chapel Hill 0.34 <br /> 9778930971 Wentworth Street Chapel Hill 0.38 <br /> 9778941099 Wentworth Street Chapel Hill 0.17 <br /> 9778631313 NC 54 Carrboro 0.91 <br /> 9778635482 NC 54 Carrboro 1.95 <br /> 2) Sell the properties by negotiated sale to either a public or private entity for the purpose of <br /> developing affordable housing for persons of low to moderate income (the property could <br /> be offered for below market rates to serve as a subsidy for the affordable housing project); <br /> 3) Lease the property to a public or private entity for the purpose of developing affordable <br /> housing for persons of low to moderate income (the lease rate could also be negotiated <br /> below market rate to serve as a subsidy for the affordable housing project); and <br /> 4) In the event that there are no developers interested in option (1) or (2), sell the property on <br /> the private market with the proceeds of the sale dedicated to other affordable housing <br /> projects. <br /> The Resolution would also authorize the County Manager to place terms, conditions and <br /> standards on the sale that would ensure that the properties are safe, convenient and remain <br /> affordable. If the Board approves the resolution, the contents of the resolution must be <br /> summarized and published once after its adoption. No sale can take place until 10 days after <br /> publication. <br />