HomeMy WebLinkAboutAgenda - 11-05-2003-6bORANGE COUNTY
BOARD OF COMMISSIONERS
ACTION AGENDA ITEM ABSTRACT
Meeting Date: November 5, 2003
Action Agenda
Item No. ~..~
SUBJECT: Orange County Housing Bond Program
DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (Y/N) No
ATTACHMENT(S):
Report
INFORMATION CONTACT:
Tara L. Fikes, ext 2490
TELEPHONE NUMBERS:
Hillsborough 732-8181
Chapel Hill 968-4501
Durham 688-7331
Mebane 336-227-2031
PURPOSE: To receive a bi-annual report on the 1997 Housing Bond Program.
BACKGROUND: The Orange County Affordable Housing Advisory Board (ARAB) is charged
with reviewing the bond program semi-annually to determine program outcomes. The recipients
of 1997 Housing Bond submitted progress reports to the Housing and Community Development
Department on July 31, 2003 detailing project progress to date. These reports were reviewed
by ARAB and a summary report was prepared for the Board of County Commissioners.
Martha Hoylman, Chair of ARAB, will present the report to the Board.
FINANCIAL IMPACT: The 1997 Affordable Housing Bond Program represents a $1.8 million
dollar investment toward local affordable housing efforts.
RECOMMENDATION(S): The Manager recommends that the Board receive as information
and provide any comments.
,1,0
Orange County
Housing and Community Development
Date: October 27, 2003
To: Orange County Board of Commissioners
From: Martha Hoylman, Chair
Affordable Housing Advisory Board
Subject: Semi-Annual Housing Bond Program Report
The Orange County Affordable Housing Advisory Board is pleased to present to
the Board of County Commissioners this first Semi-Annual Housing Bond Program
Report as required by the Orange County Housing Bond Policy adopted by the Board in
October 2002.
This report covers the period from program inception to June 30, 2003. Attached
is a summary table of all 1997 Bond Projects followed by individual program summaries
projects completed and those underway. You will note that the following projects have
not commenced to date -Club Nova Apartments; Transitional Housing for Public
Housing; and Rusch Hollow. A report of the current status of these projects is included
as well.
As you will note, there is approximately $352,500 in uncommitted funds available
from the 1997 Housing Bond Program due to the return of funds previously committed to
Orange Community Housing and Land Trust for the Meadowmont Project as well as
$2,500 from the EmPOWERment Pine Hill Drive Project. The Advisory Board
recommends that these uncommitted funds be added to the Land Banking Fund
established from the 2001 housing bonds. There is presently $260,000 in 2001 housing
bond funds reserved for land banking and the addition of these funds would bring the
total available to $ 612,500.
If you have questions, please feel free to contact us. The Advisory Board looks
forward to continuing to work with you to address the affordable housing challenges in
our community.
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3
Orange County Affordable Housing Bond Program
Semiannual Project Progress Report
Report period ending June 30, 2003
Project Sponsor: EmPOWERment, Inc.
Project Type: Homeownership
Income Targeting: Below 80% of area median income
Project Address: Pine Hill Drive - Carrboro, NC
Program Accomplishments: Four (4) townhomes -Three bedrooms and two baths
BOND AWARD HISTORY
In December 1999, $90,000 in bond money was awarded to EmPOWERment's Pine Hills project. The four (4)
unit project was completed in June 2001; 15 months after the signed Development Agreement.
CIARY INFORMATI
Address Family Size Family Income % Median Racial
Cate or Subsidy Amount
Pine Hill Drive 1 $30,756 71 % White $20,000*
Pine Hill Drive 1 $24,365 60% White $22,500
Pine Hill Drive 1 $21,477 49% Black $22,500
Pine Hill Drive 2 $27,823 56% White $22,500
* Property was secured at $20,000 instead of $22,500 as required by the Development Agreement. Thus,
EmPOWERment, Inc repaid the County $2,500 in bond funding in 2001.
** Please note that this report was submitted late and incomplete.
Orange County Affordable Housing Bond Program
Semiannual Project Progress Report
Report periocl ending June 30, 2003
Project Sponsor: Habitat for Humanity of Orange County, NC, Inc.
Project Type: Homeownership
Income Targeting: Below 50% of area median income
Project Address: Richmond Hills Subdivision; Richmond Road; Mebane, NC
Program Accomplishments: Twenty-five (25) single family residences 4
BOND AWARD HISTORY
In December 1999, $460,000 in bond money was awarded to Habitat's development project in Efland. The
funds were used for infrastructure improvements, which were completed in September 2001; 15 months after
the Development agreement was signed. The first 25 units were completed and occupied by June 2003.
ENEFICIARY INFORMATIO
Address Family Size Family Income % Median Racial
Cate or Subsidy Amount
Alice Miller Ct 4 $17,317 24% Black $18,400
Boundbrook Dr. 6 $25,348 30% White $18,400
Alice Miller Ct. 2 $16,640 29% Black $18,400
Alice Miller Ct. 3 $16,224 25% Black $18,400
Boundbrook Dr. 4 $28,608 40% Hispanic $18,400
Alice Miller Ct. 2 $15,828 27% Hispanic $18,400
Buckwalter Ln 4 $30,000 31 % Hispanic $18,400
Boundbrook Dr. 5 $30,680 40% Hispanic $18,400
Alice Miller Ct. 4 $27,575 38% Black $18,400
Boundbrook Dr. 6 $19,136 23% Hispanic $18,400
Alice Miller Ct. 2 $22,230 39% Black $18,400
Alice Miller Ct. 3 $21,839 34% Black $18,400
Buckwalter Ln. 2 $20,224 35% Black $18,400
Buckwalter Ln. 3 $31,200 50% Hispanic $18,400
Alice Miller Ct. 4 $19,864 27% Black $18,400
Boundbrook Dr. 2 $22,552 39% Black $18,400
Alice Miller Ct. 3 $19,157 29% Black $18,400
Alice Miller Ct. 4 $24,565 34% Hispanic $18,400
Alice Miller Ct. 4 $25,480 35% Black $18,400
Alice Miller Ct. 4 $17,970 25% Hispanic $18,400
Boundbrook Dr. 3 $15,015 23% Black $18,400
Boundbrook Dr. 3 $26,650 42% Black $18,400
Boundbrook Dr. 2 $18,991 30% Black $18,400
Boundbrook Dr. 4 $20,687 29% Black $18,400
Boundbrook Dr. 6 $31,460 41 % Hispanic $18,400
Orange County Affordable Housing Bond Program
Semiannual Project Progress Report
Report period ending June 30, 2003
Project Sponsor: Orange Community Housing and Land Trust
Project Type: Homeownership
Income Targeting: Between 65-80% of area median income
Project Address: Legion Road Townhouses; 1731-1757 Legion Road; Chapel Hill, NC
Program Accomplishments: Fourteen (14) townhouses
BOND AWARD HISTORY
This 14-unit project was awarded $140,000 in bond funds in December 1999. The Development Agreement was
signed in August 2000 and construction completed in September 2001; thirteen months after the Development
Agreement was in place.
CIARY INFORMA'
Address Family Size Family Income % Median Racial
Cate or Subsidy Amount
Legion Road 1 $35,137 80% White $10,000
Legion Road 1 $34,000 80% White $10,000
Legion Road 1 $30,695 80% Black $10,000
Legion Road 1 $34,500 80% White $10,000
Legion Road 2 $41,998 80% White $10,000
Legion Road 1 $32,200 80% White $10,000
Legion Road 2 $33,470 80% White $10,000
Legion Road Z $35,636 80% White $10,000
Legion Road 3 $42,173 80% White $10,000
Legion Road 2 $39,000 80% White $10,000
Legion Road 2 $36,000 80% White $10,000
Legion Road 1 $32,291 80% Other $10,000
Legion Road 1 $30,250 80% White $10,000
Legion Road 2 $34,000 80% White $10,000
6
Orange County Affordable Housing Bond Program
Semiannual Project Progress Report
Report period ending June 30, 2003
Project Sponsor: Residential Services, Inc.
Project Type: Rental
Income Targeting: Below 30% of area median income
Project Address: Spring Glen; 6310 Mount Hermon Church Road; Chapel Hill, NC
Program Accomplishments: Construction Completed -Occupancy underway
BOND AWARD HISTORY
This 15 unit project was awarded $275,000 in bond funds in June 2001. The L)evelopment Agreement was
signed in February 5, 2002 and construction was coming to completion in June 2003; sixteen months after the
Development Agreement was in place.
CIARY INFORMATIO
Leasing Underway
Orange County Affordable Housing Bond Program
Semiannual Project Progress Report
Report period ending June 30, 2003
Project Sponsor: Club Nova Apartments, LLC
Project Type: Rental
Income Targeting: Below 50% of area median income
Project Address: 103 West Main Street; Carrboro, NC
Program Accomplishments:
BOND AWARD HISTORY
This 24 unit project was awarded $300,000 in bond funds in May 2002.
Before the developer can complete the financing for this project, a decision on the provision of Project Based
Section 8 Vouchers for this project must be received by the Washington office of the U.S. Department of
Housing and Urban Development (HUD). This decision is expected at anytime. An application for project
based vouchers was submitted to HUD by the County in February 2003 and the developer and County staff
have been working since that time to answer all questions posed by HUD staff in order to receive a final
decision.
Orange County Affordable Housing Bond Program
Semiannual Project Progress Report
Report period ending June 30, 2003
Project Sponsor: Chapel Hill Department of Housing
Project Type: Rental
Income Targeting: Below 50% of area median income
Project Address: Transitional Housing for Public Housing; Chapel Hill, NC
Program Accomplishments:
BOND AWARD HISTORY
This project was awarded $75,000 in bond funds in June 2001. Bond funds would be used to assist in the
acquisition of one dwelling unit to be rented for afive-year period by a current public housing resident
transitioning to independent living.
The Town of Chapel Hill Housing Department sponsors this program. Additional funding was needed to
finance this project. These funds are now available and County staff anticipates entering into a Development
Agreement with the Town of Chapel Hill by the end of the 2003 calendar year.
9
Orange County Affordable Housing Bond Program
Semiannual Project Progress Report
Report period ending June 30, 2003
Project Sponsor: Habitat for Humanity of Orange County, NC, Inc.
Project Type: Homeownership/Rental
Income Targeting: Below 50% of area median income
Project Address: Rusch Hollow; Rusch Road/Rogers Road; Chapel Hill, NC
Program Accomplishments:
BOND AWARD HISTORY
This project was awarded $110,000 in bond funds in June 2001. Funds would be used to assist in the
development of 12 single-family dwelling units and five (5) special needs rental housing units.
The project sponsor, Habitat for Humanity, reports that this project has been delayed due to changes in Chapel
Hill's Land Use Management Ordinance that was adopted in January 2003. Currently, they are in the process of
applying for approvals for a zoning change with the County and the Town of Chapel Hill, as well as a Special
Use Permit from the Town of Chapel Hill. Approvals are projected to take place by December 31, 2003. A
Zoning Compliance Permit should be issued in May or June 2004.