Agenda 05-13-25; 5 - Affordable Housing Advisory Board – Appointments Discussion

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36 List of Specific Tasks, Events, or Functions Performed or Sponsored Annually. The Board: • Assesses affordable housing projects and proposals to support Orange County staff • Identifies best practices of surrounding areas • Visits existing affordable housing developments • Meets with advocates, developers, and other affordable housing stakeholders • Hosts an annual community gathering to inform the public about existing affordable housing projects and opportunities • Identifies gaps in Orange County's affordable housing system Describe this board/commission's activities/accomplishments in carrying out BOCC goal(s)/priorities, if applicable. The Board: • Awarded CASA$825,000 for development of three (3)24-unit residential buildings and one community building in Hillsborough . Units will be used for households at or below 30%-60 %AMI, as well as$733,500 for the development of a thirty-two (32) unit apartment building in Chapel Hill that will provide affordable housing for households earning less than 30%of the Area Median Income (AMI). • Awarded EmPOWERment, Inc.$500,000 for the acquisition of an existing rental property, which consists of eight(8)affordable housing units in Chapel Hill, NC.This project is for individuals earning between 30%-60%of the Area Median Income (AMI).Awarded $825,000 for the acquisition often (10)single-family homes located off Homestead Road community in Chapel Hill. Conveyed three (3) parcels in support of these projects. • Awarded Habitat for Humanity of Orange County$800,000 for the development of site infrastructure in contribution to the delivery of seventy-six(76) needed new units ofhousing in Orange County. Of these units, sixty-four(64)will be affordable Habitat homes sold to first-time homebuyers earning from 30%-80%of AMI. • Awarded Pee Wee Homes$166,500 for the development of three (3) residences targeting Orange County community members who have experienced chronic homelessness or are currently homeless and have incomes below 30%AMI. • Awarded Community Housing Partners$950,000 for the redevelopment of fifty-four(54) affordable rental units serving households earning from below 30%up to 80%AMI.Trinity Court will be comprised of twenty(20)two-bedroom,twenty(20)three bedroom, and fourteen (14)one-bedroom units in Chapel Hill.