Title
Award American Recovery Plan Act (ARPA) Funds for Affordable Housing Units
PURPOSE: This agenda item seeks Town Council approval to fund two proposals from affordable housing nonprofit providers.
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Department
DEPARTMENT: Housing and Community Services
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Contact
CONTACT INFORMATION: Anne-Marie Vanaman, Housing and Community Services Director, 919.918.7321 amvanaman@carrboronc.gov; Bret Greene, Finance Director 919.918.7439 bgreene@carrboronc.gov; Wendy Welsh, Grants Manager 919.918.7302 wwelsh@carrboronc.gov; Tyler Haugle, Housing and Community Services Coordinator, 919.918.7438 thaugle@carrboronc.gov
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Council Direction
COUNCIL DIRECTION:
_X__ Race/Equity ____ Climate __X__ Comprehensive Plan ____Other
Council Direction Statement
The Town Council approved ARPA funding for housing and community services initiatives on October 11, 2022 - Grant Ordinance #4 Fiscal Year 2022-2023. Specifically, $1M was allocated for increasing the number of affordable housing units in Carrboro.
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Information
INFORMATION: The Town issued a Request for Proposals (RFP) on July 2, 2023, for impactful affordable housing projects that would increase the number of affordable housing units in Carrboro. Staff received two submissions from nonprofit affordable housing providers:
EmPOWERment - $600,000 to preserve 10 existing rental units that are considered naturally occurring affordable housing (NOAH).
Habitat for Humanity - $1M to support pre-development costs for a community of approximately 75 units for ownership.
See Attachment B for a comparison of the projects and copies of the funding proposals. The combined total of the requests is $1.6M. A proposed funding scenario to support both projects is provided in Attachment C.
Staff are requesting to reallocate the following funds to the $1M allocated for affordable housing: the remaining HCS funds in the Emergency Housing Assistance ($259,680) and OWASA Water Bill Debt ($29,433); $150,000 allocated t...
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