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21 <br /> 1 Slide #36 <br /> HOUSING IN OMNGE COUNTY <br /> How About Urban Growth Boundaries? <br /> Orange County maintains a rural ❑ <br /> buffer zone surrounding Chapel ❑ <br /> Hill and Carrboro that acts as an <br /> urban growth boundary. <br /> Classically, we would expect: ❑ ❑ <br /> ■ New development on the <br /> outside edge, increasing EF�F- <br /> transportation times and costs. ❑ ❑ <br /> ■ Higher housing prices in the ❑ ❑ <br /> core,reducing affordability. <br /> U R R A N- I N i T I T Y T 1 <br /> 2 <br /> 3 Commissioner Greene referenced research on Portland's urban growth boundary, which <br /> 4 found that contrary to common claims, housing price growth in Portland wasn't unusual for a <br /> 5 western city experiencing economic expansion. She said that both Denver and Salt Lake City <br /> 6 without growth boundaries experienced similar price increases during the 1990s. <br /> 7 Yonah Freemark is a great example for preserving agricultural and natural spaces, and <br /> 8 reducing segregation. He said that Orange County is not an island and that may be why there is <br /> 9 development in Chatham County, because growth is constrained only within Orange County. He <br /> 10 said that the county cannot act alone. <br /> 11 <br /> 12 Slide#37 <br /> Implications and Opportunities for <br /> Orange County <br /> 37 <br /> 13 <br /> 14 <br />