HomeMy WebLinkAboutNSN RES-2001-026 Resolution in support of the Merger of the Orange Community Housing Corporation (OCHC) and Community Land Trust In Orange County3 -�0 - a ✓
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ORANGE COUNTY BOARD OF COMMISSIONERS
RESOLUTION IN SUPPORT OF THE MERGER OF THE ORANGE
COMMUNITY HOUSING CORPORATION AND THE COMMUNITY LAND
TRUST IN ORANGE COUNTY
WHEREAS, the Orange Community Housing Corporation was incorporated in
1990 as a non -profit organization established address the affordable housing needs in the
County; and
WHEREAS, the Community Land Trust in Orange County was incorporated in
May 1999 as a non - profit organization to provide a way to create a permanent stock of
affordable housing for low and moderate income families in the County; and
WHEREAS, the Orange Community Housing Corporation has served as the
administrator of the CLTOC since its inception; and
WHEREAS, each organization has operated with an independent Board of
Directors and separate Bylaws; and
WHEREAS, after several months of operation, it has become apparent to the two
independent Boards of Directors that it would be more operationally efficient to merge
the two groups into one group; and
WHEREAS, the two organizations have worked together, utilizing the same
staff, since the inception of the Community Land Trust; and
WHEREAS, further analysis of situation reveal that a merged organization with
one Board of Directors will possess greater clarity; and
WHEREAS, current housing project activities of the two organizations will not
be diminished by the proposed merger to be effective July 1, 2001;
NOW, THEREFORE BE IT RESOLVED by the Orange County Board of
Commissioners, that the proposed merger of the Orange Community Housing
Corporation and the Community Land Trust in Orange County, NC as described in the
February 21, 2001 letter from the Board Chairs of the two organizations has the support
of this Board.
This the 20`h day of March 2001.