HomeMy WebLinkAboutAgenda - 10-21-1997 - 9j i
ORANGE COUNTY
BOARD OF COMMISSIONERS
Action Agenda
Item No. _
ACTION AGENDA ITEM ABSTRACT
Meeting Date: October 21, 1997
SUBJECT: HOME Program-Abbotts Colony
DEPARTMENT: Housing and Community Development PUBLIC HEARING: (Y/N)
BUDGET AMENDMENT: (Y/N)
ATTACHMENT(S): INFORMATION CONTACT:
Tara L. Fikes
TELEPHONE NUMBERS: -- eat. 2490
Hillsborough 732-8181
Chapel Hill 968-4501
Durham 688-7331
Mebane 227-2031
PURPOSE:
To approve the disposition of two lots in the Abbotts Colony subdivision.
BACKGROUND:
In 1993, the Orange County HOME Consortium provided $50,000 in HOME funds to the Orange
Community Housing Corporation to purchase three lots in the Abbotts Colony subdivision in Chapel
Hill with plans to build three homes for first time homebuyers. One house has been constructed and
sold to a qualifying family. However, previous efforts to develop the remaining lots have not been
successful due to the marginal suitability of these lots for residential construction and increased
construction costs.
Most recently, in November 1996, Orange Community Housing Corporation (OCHC) presented a
proposal to develop the remaining sites. The Orange County HOME Council fully discussed this proposal
and agreed to proceed with entering into an agreement with OCHC to develop the remaining lots at
Abbotts Colony and sell these homes to first time homebuyers at or below 80%of area median income by
July 31, 1997. The BOCC approved this recommendation allowing for a September 30, 1997 deadline
instead of July 31, 1997.
The September deadline was not met and OCHC is in the midst of a search for a new Executive Director.
The OCHC Board of Directors have discussed the present situation and will not be able to move ahead
with any new development plans until a new Director is on board. Further, the Orange County HOME
Council has discussed the present situation and unanimously recommend that OCHC be instructed to sell
the remaining lots. Proceeds from the sale would be considered program income and must be
reprogrammed for affordable housing purposes.
2
RECOMMENDATION(S):
The Manager recommends instructing the Orange Community Housing Corporation to sell the
remaining two lots in the Abbotts Colony subdivision and return the proceeds to Orange County for
use for future affordable housing initiatives.