Reference No. CR-093-2024    Draft No. 1
Type: Resolution Status: Adopted
Meeting Body Sitting as the Committee of the Whole
Meeting Date 11/12/2024
Introduced Date 10/1/2024 Public Hearing Date
Effective date: 11/12/2024    
Title: A RESOLUTION CONCERNING COMMUNITY HOUSING TRUST TASK FORCE for the purpose of creating a Community Housing Trust Task Force to focus on the actions needed to establish a Community Housing Trust in the County in order to create more affordable housing opportunities for County residents; providing for the membership of the Task Force; providing for certain research and policy recommendations and report; providing for the staffing of the Task Force; and generally regarding Community Housing Trusts.
Proposers/Sponsors: Eric C. Olson, Jolene Ivey, Wala Blegay, Ingrid S. Watson, Calvin S. Hawkins, Sydney J. Harrison, Wanika Fisher, Krystal Oriadha, Thomas E. Dernoga, Edward P. Burroughs
Attachments: 1. R2024093, 2. CR-093-2024 Summary, 3. CR-093-2024 Report, 4. CR-093-2024 PAFI
Contact: Kathy Canning, Legislative Attorney

Title

A RESOLUTION CONCERNING COMMUNITY HOUSING TRUST TASK FORCE for the purpose of creating a Community Housing Trust Task Force to focus on the actions needed to establish a Community Housing Trust in the County in order to create more affordable housing opportunities for County residents; providing for the membership of the Task Force; providing for certain research and policy recommendations and report; providing for the staffing of the Task Force; and generally regarding Community Housing Trusts.

 

Background

The resolution establishes actions to create a Community Housing Trust which is a non-profit organization with a board that includes Community Housing Trust residents, community residents, and public representatives. The purpose of a Community Housing Trust is to establish long-lasting affordability with shared equity and through affordable homeownership. Community Housing Trusts create and preserve homes that remain affordable and homeownership opportunities for people who cannot otherwise buy a home. In this, the Community Housing Trust owns the land, whereas the individual owns the home. If the home is sold, it will be at a restricted price to maintain affordability.  The resolution provides for the membership of the Task Force, makes requirements for certain research and policy recommendations and report, and provides for the staffing of the Community Housing Trust Task Force.



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