Title
Affordable Housing Review Meeting for Newbury Architecturally Integrated Subdivision at 904 Homestead Road
PURPOSE: The purpose of this agenda item is for Town Council to discuss the affordable housing component of the Newbury Architecturally Integrated Subdivision project at 904 Homestead Road
end
Department
DEPARTMENT: Planning Department
end
Contact
CONTACT INFORMATION: Marty Roupe, Development Review Administrator, 919-918-7333 or mroupe@carrbornc.gov
end
Council Direction
COUNCIL DIRECTION:
___ Race/Equity ____ Climate __X__ Comprehensive Plan __X__Other
Council Direction Statement
Other is marked as this item is related to Land Use Ordinance provisions relating to affordable housing. Racial Equity pocket questions are included as Attachment C.
end
Information
INFORMATION: Subsequent to Town Council approving a conditional rezoning for the property at 904 Homestead Road, the property owner and developer, Parker Louis LLC, is moving forward with preparing Special Use Permit-A plans and application materials for the project. Materials related to the rezoning may be viewed here:
Town of Carrboro - File #: 23-201 (legistar.com)
Currently, the applicant maintains their commitment to providing a payment-in-lieu for one affordable home, as detailed in Attachment A, which includes a statement from the applicant on this matter. As the developer is not currently providing 15 percent affordable units within the subdivision, Town Council and the developer are asked to review and discuss the affordable housing component of the project, in accordance with Land Use Ordinance Section 15-54.1. The applicant plans to provide 25 percent size-limited housing as required by the LUO (Sections 15-54.1 and 15-188 are included as Attachment B).
end
Fiscal and Staff Impact
FISCAL IMPACT: No fiscal or staff impacts noted beyond staff time associated with preparing the agenda item.
end
Recommendation
RECOMMENDATION: Town staff requests that Town Cou...
Click here for full text