Agenda 02-20-24; 8-a - Minutes - Laserfiche WebLink

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7 1 needed rehab and repairs and ensure the quality, health, and safety of the homes over the 2 affordability period. 3 4 East Village (Habitat): $800,000 5 Community Partner(s): N/A 6 7 The proposal requests funds to develop site infrastructure in contribution to the delivery of 8 seventy-six (76) needed new units of housing in Orange County. Of these units, sixty-four (64) 9 will be affordable Habitat homes sold to first-time homebuyers earning between 30% and 80% of 10 AMI. The remaining twelve (12) units (15%) in East Village will be market-rate homes. The project 11 has a mixed-income design and inclusion of two-story duplexes prioritizes smart density and 12 meaningful community interaction to create social and economic benefits for East Village 13 residents and the broader community. 14 15 Hill Street (Pee Wee Homes): $166,500 16 Community Partner(s): N/A 17 18 The proposal requests funds for the development of three (3)residences targeting Orange County 19 community members who have experienced chronic homelessness or are currently homeless 20 and have incomes below 30% AMI. The land these homes will be built on is located within the 21 Northside neighborhood and is right across the street from Baldwin Park and two blocks from 22 downtown Carrboro. By building in this neighborhood, the project leverages an existing 23 community asset to allow for tenants to live independently within the context of community. 24 25 Trinity Court (Community Housing Partners): $950,000 26 Community Partner(s): Town of Chapel Hill 27 28 The proposal requests funds for the redevelopment of fifty-four(54)affordable rental units serving 29 households earning from below 30% up to 80% AMI. Trinity Court will be comprised of twenty 30 (20) two-bedroom, twenty (20) three-bedroom, and fourteen (14) one-bedroom units. The range 31 of unit sizes and types will provide opportunities to serve target populations, including individuals, 32 families with children, persons with disabilities, individuals or families transitioning out of 33 homelessness, holders of housing vouchers, and others. Trinity will be developed under the 34 Housing and Urban Development(HUD) Rental Assistance Demonstration Program (RAD),which 35 will provide the property with a forty (40) unit project based rental assistance contract allowing for 36 forty (40) of the fifty-four (54) households to pay no more than 30% of their income towards 37 housing costs. The remaining fourteen (14) units will be subject to Low-Income Housing Tax 38 Credit requirements and income and rent restrictions. 39 40 Homestead Gardens (Community Home Trust): $900,000 41 Community Partner(s): Self-Help, CASA, Habitat for Humanity of Orange County, and Town of 42 Chapel Hill 43 44 The proposal requests funds for the development of twenty-one (21) townhomes, earmarked for 45 individuals and families earning 65% to 80% AMI The target population for the project is families 46 and individuals whose income falls within 80% or below the Area Median Income (AMI) threshold 47 and who either reside in or are employed in Orange County. The Homestead Gardens initiative, 48 situated at 2200 Homestead Road in Chapel Hill, represents a pioneering strategy for advancing 49 affordable housing through a distinctive collaborative framework. Notably, among these units, up 50 to three (3) will feature an integrated Accessory Dwelling Unit (ADU), facilitating housing options 51 for those earning below 65% of AMI.