Agenda - 11-15-2005-9e - Laserfiche WebLink

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As required by the Orange County Housing Bond Policy, the Project Review and Selection (PRS) Committee held apre-application conference with staff from Habitat to discuss the proposed application, reviewed the submitted application, and then met with the organization to discuss the committee's funding recommendation. Members of the Project Review and Selection Committee include: County Staff Members: Gwen Harvey, Ken Chavious, Paul Thames, Craig Benedict, Perdita Holt, and Tara Fikes; Commissioners Valerie Foushee and Barry Jacobs; and Affordable Housing Advisory Board Members Barbara Mull, .labrina Robinson, and Allan Rosen. The Committee also includes representatives from the Towns of Carrboro, Chapel Hill, and Hillsborough in the person of James Harris, Loryn Barnes, and Margaret Hauth respectively. After review of the application as well as supplemental material submitted by Habitat the Committee recommends the allocation of up to $205,000 in housing bond funds to assist in the purchase of the Purefoy Road properties with the following conditions: 1. Habitat should engage the local community during the development planning phase. 2. A written agreement with the seller that ensures the current tenant on the property is not displaced by the proposed development. Attached to this abstract is the detailed recommendation from the committee. FINANCIAL IMPACT: There is currently approximately $482,570 available for the Land Banking Program from the FY 1997 and 2001 Affordable Housing Bond Programs. This expenditure will leave a balance of $277, 570. RECOMMENDATION (S): The Manager recommends that the Board award housing bond funds in the amount of $205,000 to Habitat for Humanity to purchase land on Purefoy Drive in the Rogers Road community in Chapel Hill and authorize the Manager in consultation with the County Attorney to enter into a Development Agreement detailing the conditions of award.