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Receive the FY20 Third Quarter Affordable Housing Quarterly Report (January-March).
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Staff: |
Department: |
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Loryn Clark, Executive Director |
Housing and Community |
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Sarah Osmer Viñas, Assistant Director |
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Nate Broman-Fulks, Affordable Housing Manager |
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Overview: This quarterly report on affordable housing activities for Fiscal Year 2020 tracks:
• Our progress toward affordable housing targets,
• The status of projects funded with Town resources, and
• General housing conditions in Chapel Hill.
Quarter 3 Highlights:
• Five new permanently affordable homes came online.
o The Town’s inclusionary housing policies and affordable housing funding led to the creation of four new permanently affordable homeownership opportunities in the Chandler Woods neighborhood.
o Community Home Trust added a permanently affordable owner-occupied home through an acquisition with Self-Help and the Northside Land Bank.
• The Town surpassed its annual target of 50 homes preserved with 45 homes preserved in Q3
o Completed renovations and repairs for 33 apartments in the Colony Woods West, Craig-Gomains, and Eastwood public housing communities.
• Two Town employees became Chapel Hill Residents through the Employee Housing Program after receiving rental assistance.
• Affordable housing developers showed significant interest in the Jay Street development project through the Request for Qualifications process. Staff are reviewing responses and plan to update Council in early summer.
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Recommendation(s): |
That the Council receive this Fiscal Year 2020 (FY20) third quarter report.
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Attachments: |
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• Affordable Housing Quarterly Report - FY20 Q3 |
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The Agenda will reflect the text below and/or the motion text will be used during the meeting. |
presenter
By accepting this report, the Council receives the third quarter Fiscal Year 2020 Affordable housing report (January-March).