|
DATE: |
March 13, 2007 |
|
TO: |
Roger L. Stancil, Town Manager |
|
FROM: |
J.B. Culpepper, Planning Director |
|
SUBJECT: |
March 12, 2007, The Residences at Chapel Hill North Council Committee Meeting |
The following provides a brief summary of the March 12, 2007 Council Committee meeting:
|
Members Present: |
Cam Hill (Co-Chair) and Mark Kleinschmidt (Co-Chair) |
|
Staff Present: |
Loryn Clark, J.B. Culpepper, Ralph Karpinos, Phil Mason, Gene Poveromo |
|
Others: |
Robert Dowling, Scott Radway, David Raven, Dick Wasicko |
The meeting was called to order at 3:05 p.m.
The Council Committee began discussion of the affordable housing plan issues identified at the February 12 Council meeting regarding the proposed multi-family development: The Residences at Chapel Hill North. The applicant described the rental nature of the proposed project as it relates to the Affordable Housing goal of the Comprehensive Plan.
The group noted that because of the nature of the rental housing market, providing rental units to individuals that make 80% of the median family income does necessarily provide affordable housing. Because of the rental market, the target income level in need may be much lower. The group reached a consensus that the provision of rental units does not fit well into the existing Council policy on affordable housing which is geared toward ownership. It was suggested that because the issues associated with the provision of affordable rental units is very different from ownership issues, the Council may need a specific policy to address affordable rental units.
Because a Council policy regarding affordable rentals is not in place, the Committee asked the applicant to consider an alternate proposal that would either provide 1) a lower percentage of affordable units as rental to a lower income; or 2) consider an annual payment-in-lieu to the Town to be used toward affordable housing needs. The applicant indicated that they will consider it and bring something back to the group.
The Council Committee meeting was recessed to 4:00 p.m. on March 19, 2007, Human Resources Conference Room, second floor, at Town Hall.
The meeting adjourned at 4:35 p.m.