y
Title
Affordable Housing Advisory Commission Funding Recommendation
PURPOSE: The purpose of this agenda item is for the Town Council to consider approving recommended funding for two nonprofit applications to the Affordable Housing Special Revenue Fund.
end
Department
DEPARTMENT: Housing and Community Services
end
Contact
CONTACT INFORMATION: Anne-Marie Vanaman, Interim Housing and Community Services Director, amvanaman@carrboronc.gov
end
Council Direction
COUNCIL DIRECTION:
X_ Race/Equity ___ Climate _X_ Comprehensive Plan ____Other
Council Direction Statement
Racial Equity: A full assessment using the Racial Equity Assessment Lens of the Affordable Housing Special Revenue Fund has been completed and reviewed by the Racial Equity Commission. A summary of this assessment can be found in Attachment C.
Comprehensive Plan: Chapter 3. Affordable Housing. Goal 4: Maintain and improve the quality of Naturally Occurring Affordable Housing (NOAH) and "missing middle" opportunities.
Goal 5: Support efforts with Orange County to ensure that all homeless individuals and families have access to safe housing, appropriate services, and a path to permanent housing. Specifically, Strategy 5.3: Prevent homelessness.
end
Information
INFORMATION: In the April 1, 2023 application cycle, two requests were received and forwarded to the Affordable Housing Advisory Commission (AHAC) for review.
On April 19, 2023, the AHAC discussed the applications from EmPOWERment and Rebuilding Together of the Triangle (RTT). The AHAC voted to make the following funding recommendations to the Town Council:
EmPOWERment - Recommendation: Fully Fund - $64,020
Requested $64,020 to support homeownership retention, housing stabilization, and financial counseling for six low-income households who live in an affordable, but aging, townhome development. The units require new siding and roofing after years of deferred maintenance. To support these necessary repairs, the HOA i...
Click here for full text