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File #: [21-0770]    Version: 1 Name:
Type: Discussion Item Status: Agenda Ready
File created: 8/2/2021 In control: Town Council
On agenda: 10/13/2021 Final action:
Title: Receive the Fiscal Year (FY) 2021 Affordable Housing Annual Report.
Attachments: 1. Draft Staff Presentation, 2. Affordable Housing Annual Report, 3. Public Housing Annual Report
Related files: [20-0805], [21-0183], [21-0445]
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title
Receive the Fiscal Year (FY) 2021 Affordable Housing Annual Report.
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Staff:
Department:
Sarah Osmer Vi?as, Interim Director
Housing and Community
Faith Brodie, Director
Public Housing
Nate Broman-Fulks, Affordable Housing Manager
Housing and Community
Stacey Todd, Public Housing Management Analyst
Public Housing

Overview: This annual report on affordable housing activities for Fiscal Year 2021 tracks:
* Community indicators related to the housing market and affordable housing,
* The Town's progress toward affordable housing targets,
* The status of projects funded with Town resources,
* General housing conditions in Chapel Hill, and
* Public Housing highlights


Recommendation(s):
That the Council receive this Fiscal Year 2021 Annual Report.

Report Highlights:
Community Indicators
o The median household income in Chapel Hill rose to $90,400, which is an increase of $6,000 (or 7%) from 2019 to 2020 HUD Data.
o The median home value rose to $410,105, which is an increase of $26,000 (or 6%) from August 2019 to August 2020.
o The percentage of cost-burdened renters has continued to rise with 58% of renters currently spending more than 30% of their income on housing expenses.

Affordable Housing Results
o Housing and Community continues to focus on COVID-19 response efforts
o Town affordable housing partnership with DHIC wins state's highest honor in affordable housing, the 2020 Housing North Carolina Award
o The Town provided emergency housing assistance payments to 535 households. This assistance is reflected in the total units preserved.
o Council approved 198 affordable homes
o The Town awarded $1.8 million to community partners for affordable housing projects
o The Town awarded funding to 130 new development units
o The 2200 Homestead Road affordable housing development project received rezoning approval
o Selected development partners and completed Concept Planning process for Jay Street affordable housing development project

Public Housin...

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