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Community Home Trust <br />Work Plan <br />FY 2023-2024 <br /> <br />Increase and preserve housing inventory <br />Action Expected Outcome <br /> <br />Assist homeowners with reselling their homes Sell 15 homes to qualified buyers <br />Provide property management services for <br />HOA. This ensures our homes are well <br />maintained and dues are kept at an affordable <br />rate. <br />Continue to provide services to 4 developments <br />(71 homes). <br />Identify opportunities to purchase and/or <br />rehab for ownership. Partner with the local <br />governments and other agencies to locate <br />possible projects to convert to affordable <br />housing. <br />Investigate at least 2 properties for feasibility of <br />purchase and rehab. This includes evaluating <br />repairs needed, acquisition costs, affordability, <br />and available subsidy. <br />Work on a transfer of administration of the <br />master leasing program so that it is seamless <br />for the administrator and tenants. <br />Funding to extend the program has been <br />approved through 2026. <br />Work with the Bridgepoint developers to <br />market and sell new homes <br />We are expecting to sell 3-5 new homes in the <br />Bridgepoint development in FY23-24 <br />Process stewardship applications to help <br />homeowners with vendor relations and <br />maintenance needs <br />Process 50 stewardship applications for HVAC <br />replacement, flooring, and hot water heater <br />replacement. <br />Work with Legion Road homeowners to <br />weatherize crawl spaces and repair decking <br />CDBG monies have been secured. CHT will <br />administer the grant and oversee repairs. <br />Begin vertical construction at Homestead <br />Gardens for 21 townhomes, 3 with ADU’s for <br />households at or below 50% AMI <br />CHT staff will meet all timelines and deadlines to <br />move the project forward. <br />Work with Taft Mills to develop the Jay Street <br />property <br />CHT will learn from the expertise of the Taft Mills <br />staff, work with lawyers to create a functioning <br />partnership, and provide expertise related to <br />affordable housing and neighborhood <br />engagement <br />Provide property management services to 4 <br />units owned by the Shared Visions Foundation <br />and used as affordable housing <br />4 tenants earning under 60% AMI will be <br />provided affordable housing. CHT will verify <br />incomes, collect rent and report property issues <br />to the owner. <br /> <br />Support housing stability and quality of life for all CHT residents <br />Action Expected Outcome <br />Provide home maintenance classes or <br />workshops to educate homeowners on basic <br />home maintenance. <br />Provide a minimum of 4 home maintenance <br />classes during the year <br />DocuSign Envelope ID: D1E776EB-C52A-4B25-8273-2746F74AE36E