TITLE: Title
Community Home Trust Interlocal Agreement
PURPOSE: The purpose of this item is for the Board to consider authorizing the Town Manager to execute an Interlocal Agreement with the Towns of Chapel Hill and Hillsborough and Orange County regarding the Community Home Trust.
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DEPARTMENT: Manager's Office
CONTACT INFORMATION: Nate Broman-Fulks, 919-918-7314, nbroman-fulks@townofcarrboro.org
INFORMATION:
Background
* In 1990, the Town, along with Chapel Hill, Hillsborough, and Orange County, created the Orange Community Housing Corporation (OCHC) to create affordable housing opportunities in Orange County.
* The Towns and the County have annually provided operating support to the organization since its inception.
* In 1998 the Towns and County recommended that OCHC staff the newly created community land trust, later renamed the Community Home Trust.
* A key function of the Community Home Trust is to manage affordable housing units created through the Town's Inclusionary Zoning ordinance.
Context with Key Issues
* The Community Home Trust has requested that the elected boards consider entering into an interlocal agreement to:
o Clarify the responsibilities of the Towns, Orange County, and the Community Home Trust; and
o Provide a formula for allocating operating funds for the organization.
* At the November 2014 Assembly of Governments meeting, the elected officials were briefed on the progress of developing an interlocal agreement regarding the Community Home Trust. Staff reported that each partner would return to their respective boards with a draft of an agreement.
* The staffs have worked with the Community Home Trust staff to draft the attached agreement. Key components of the agreement include:
o Reinforcement that the County and the Towns are committed to creating successful affordable housing opportunities in Orange County;
o Acknowledgement and agreement that the Community Home Trust's programs serve house...
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