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26 <br /> 1 Slide#17 <br /> Orange Department <br /> IF W. Tryon <br /> Hillsborough <br /> and <br /> 2501 Homestead Road <br /> Chapel <br /> + ' i 1 orangecountync.gov/Housing <br /> Blake Rosser ORANGE COUNTY <br /> bossroc Housing Q HOUSING DEPARTMENT <br /> rosserc[r�.orangeeoun#ync.gov <br /> 2 <br /> 3 <br /> 4 3. Affordable Housing (Greene Tract, Land Acquisition, Rehabilitation Assistance, <br /> 5 HOME Funds, etc.) <br /> 6 Cy Stober, Planning and Inspections Director, explained the three handouts the Clerk <br /> 7 passed around, including the Interlocal Agreement, Statement of Work, and the Greene Tract <br /> 8 Master Plan. He said he is going to focus on updates that have happened within the past 5 years <br /> 9 rather than doing a deep dive. He said along with the 2021 ILA, there was also a Resolution to <br /> 10 adopt a concept plan that identified the Headwaters Preserve, the development acreage, and the <br /> 11 school site. He said part of the resolution was also to recombine the property to put the Headwater <br /> 12 Preserve solely within Orange County ownership, which was accomplished in 2022. He reviewed <br /> 13 the contents of the Public Participation and Decision-Making section of the ILA. He said this ILA <br /> 14 is in the automatic renewal phase. He said the ILA and the Resolution identify that the Rogers <br /> 15 Eubanks neighborhood has been historically impacted disproportionately by the historic use of <br /> 16 the property. He said the discussions therein and their voices are prioritized in all decision-making <br /> 17 and input to date. He said in 2023, contracts were signed with Gensler and Thomas and Hutton <br /> 18 to develop the Master Plan. He said there was a very robust effort to engage the public in the <br /> 19 creation of the Master Plan. He said the Master Plan was either endorsed or adopted by all owners <br /> 20 in October 2024. He brough their attention to the Guiding Principles adopted with the Master Plan <br /> 21 and explained that they are about respecting the historic character and integrating with the <br /> 22 surrounding neighborhoods in a compatible way. He said the Master Plan includes a maximum <br /> 23 build out potential of 660 housing units on the Greene Tract, including multifamily, single-family, <br /> 24 and townhomes. He said the owners have contracted with the Development Finance Initiative of <br /> 25 the UNC School of Government, who will look at what subsidization will be necessary to achieve <br /> 26 certain affordability targets within the Greene Tract. He said DFI is in the data gathering phase, <br /> 27 but he expects to hear more in the coming year. He explained that as owners of the property, the <br /> 28 elected boards can set affordability in ways that they can't for properties that are not publicly <br /> 29 owned. He indicated that all of the information he shared can be found on the Greene Tract page <br /> 30 on the county's website. <br /> 31 Vice-Chair Hamilton said the public engagement process for the Greene Tract was one of <br /> 32 the best she's ever seen for Orange County. <br /> 33 <br /> 34 <br />