Affordable Housing Program Update
Town Attorney/Affordable Housing Manager Cindy Reid
Summary: As part of an affordable housing strategy, the Affordable Housing Steering Committee recommended creating new and maintaining existing affordable homes.
1) Preservation of older homes:
One of the recommendations was to use $200,000 of payment in lieu monies for a critical repair program. The town partnered with Our Towns Habitat for Humanity for the program. At the board meeting, Chris Ahearn, CEO of Habitat, will share what we have accomplished.
2) Building new homes:
The Steering Committee also indicated a strong preference for homes being built rather than a payment in lieu. Attempts to get developers to build homes have been unsuccessful because building “affordable” homes is not what market rate builders do, and the numbers did not work. However, the Village at South Main developer has requested the board of commissioners to review a proposed model for Village at South Main. |