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Review Draft Affordable Housing Plan and Investment Strategy.
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Staff:
Department:
Sarah O. Vi?as, Director
Affordable Housing and Community Connections
Nate Broman-Fulks, Assistant Director
Emily Holt, Affordable Housing Development Officer
Megan Culp, Community Development Programs Manager
Overview: In April 2023, Town Council received an update on progress to creating a new Affordable Housing Plan designed to set a path forward for the Town's affordable housing efforts over the next five years. This item will provide the Council with draft Affordable Housing Plan strategies for review and feedback. Staff anticipate bringing the Affordable Housing Plan for Council approval in early fall.
Recommendation(s):
That the Council review and provide feedback on the draft Affordable Housing Plan and Investment Strategy.
Affordable Housing Plan Overview:
The Affordable Housing Plan is designed to incorporate the existing strategies, data, reports, and Work Plan the Town has used to study and address the need for affordable housing. The Plan identifies additional implementation tools and strategies to assist in creating an investment plan that will allow the Town to comprehensively address its affordable housing needs into the future. Below is a table of the recommended additional strategies and focus areas identified in the draft Affordable Housing Plan.
Goal
Recommendations
Expand the Impacts of Affordable Housing Funding & Programs
The Town should dedicate consistent streams of funding to support its affordable housing programs, establish tools that increase the impacts of local funding, and align staff capacity and other resources to maintain a high level of affordable housing services and development.
Help Low-Income Renters Access Stable and Affordable Housing
Chapel Hill should ensure low-income renters have access to affordable and secure housing by enhancing its rental assistance programs and bolstering tenants' rights while continuing...
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