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Town of Chapel Hill Executive Summary |
Meeting Date: 09-22-2008 AGENDA #4e |
Title of Agenda Item: Response to Petition from Orange Community Housing and Land Trust Board of Directors to Commission an Affordable Housing Market Study
Background: The attached staff memorandum includes background information on a petition from the Orange Community Housing and Land Trust Board of Directors to commission an affordable housing market study as well as options for responding to the petition.
Staff Recommendation: That the Council adopt the attached resolution to authorize the staff to develop and release a Request for Proposals for a study of the affordability and demand for condominium units that would analyze both the common expense assessments for condominium units as well as the demand for affordable 1- and 2 bedroom condominium units over the next ten years.
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