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26 <br /> Slide#17 <br /> Orange County • Department <br /> 00 W. Tryon Street <br /> Hillsborough <br /> Homesteadand <br /> 2501 • . . . <br /> Chapel <br /> . . • - <br /> Blake Rosser nORANGE CUUNTY <br /> Director,OC Housing Q HOUSING DEPARTMENT <br /> brosser@orangecountync.gov <br /> 3. Affordable Housing (Greene Tract, Land Acquisition, Rehabilitation Assistance, <br /> HOME Funds, etc.) <br /> Cy Stober, Planning and Inspections Director, explained the three handouts the Clerk <br /> passed around, including the Interlocal Agreement, Statement of Work, and the Greene Tract <br /> Master Plan. He said he is going to focus on updates that have happened within the past 5 years <br /> rather than doing a deep dive. He said along with the 2021 ILA, there was also a Resolution to <br /> adopt a concept plan that identified the Headwaters Preserve, the development acreage, and the <br /> school site. He said part of the resolution was also to recombine the property to put the Headwater <br /> Preserve solely within Orange County ownership, which was accomplished in 2022. He reviewed <br /> the contents of the Public Participation and Decision-Making section of the ILA. He said this ILA <br /> is in the automatic renewal phase. He said the ILA and the Resolution identify that the Rogers <br /> Eubanks neighborhood has been historically impacted disproportionately by the historic use of <br /> the property. He said the discussions therein and their voices are prioritized in all decision-making <br /> and input to date. He said in 2023, contracts were signed with Gensler and Thomas and Hutton <br /> to develop the Master Plan. He said there was a very robust effort to engage the public in the <br /> creation of the Master Plan. He said the Master Plan was either endorsed or adopted by all owners <br /> in October 2024. He brough their attention to the Guiding Principles adopted with the Master Plan <br /> and explained that they are about respecting the historic character and integrating with the <br /> surrounding neighborhoods in a compatible way. He said the Master Plan includes a maximum <br /> build out potential of 660 housing units on the Greene Tract, including multifamily, single-family, <br /> and townhomes. He said the owners have contracted with the Development Finance Initiative of <br /> the UNC School of Government, who will look at what subsidization will be necessary to achieve <br /> certain affordability targets within the Greene Tract. He said DFI is in the data gathering phase, <br /> but he expects to hear more in the coming year. He explained that as owners of the property, the <br /> elected boards can set affordability in ways that they can't for properties that are not publicly <br /> owned. He indicated that all of the information he shared can be found on the Greene Tract page <br /> on the county's website. <br /> Vice-Chair Hamilton said the public engagement process for the Greene Tract was one of <br /> the best she's ever seen for Orange County. <br />