AFFORDABLE HOUSING PROGRAM

 

Additional information about the Affordable Housing Program may be obtained by calling Tracy Stone-Dino, Senior Planner – Affordable Housing, at (919) 380-2782, through e-mail at tracy.stone-dino@townofcary.org, or by visiting the Town’s Web site at www.townofcary.org.

 

TOWN OF CARY GOALS AND INITIATIVES

Town Focus Areas

Focus Area I:

Community Planning

Focus Area II:  Infrastructure

Focus Area III:  Financial Condition

Focus Area IV:  Municipal Services

Town Goals

Achieve a well-planned community using innovative and proactive planning approaches and techniques.

Ensure that roads, water and wastewater facilities, parks, and other infrastructure exists for the existing citizens and for the future needs identified in the comprehensive plan.

Achieve a stable and strong financial position by accurately estimating, prudently allocating, and managing financial resources.

Achieve a high level of service to the citizens in a prompt, reliable, responsive, and cost-effective manner.

Town Initiatives

(pages 2 and 3 of this document contain full descriptions of each Town Initiative)

Growth Management

  Long Range Water Resources

Housing Program

Comprehensive Planning

Land Use Plan

Environmental Concerns

Infrastructure and Level of Service Standards

Fiscal Plan

Water, Wastewater, Transportation Infrastructure

Broad Band Technology Services

Long Term Financial Plan

Performance Measurement

Short Term Financial Planning

Review Operations

Cost Consciousness and Sustained Service Provision

Public Involvement

Departmental Goals and Initiatives

1

 

1,2,3,4

1,4

1, 2, 4

 

2

2, 3

 

 

1, 4

1, 2

2

3

1, 2, 3

1,2,3,4

 

PROGRAM GOALS AND INITIATIVES

1. Administer the affordable housing program.

2. Administer the Community Development Block Grant Program.

3. Prepare recommendations and oversee new or revised practices, policies, ordinances, or programs related to housing and community development.

4. Prepare reports and plans to address Cary’s housing needs.

 

FY 2008 ACCOMPLISHMENTS

·         Prepared the Annual Action Plan to receive $456,468 in Federal funds and reprogrammed funds carried over from previous years.

·         Prepared the Consolidated Annual and Performance Evaluation Report on FY 2007 CDBG activities.

·         Rehabilitated 15 homes with major repairs through the Housing Rehabilitation Program.

·         Provided funds for non profit housing support agencies in Cary (Habitat for Humanity, Hospice of Wake County, DHIC, Inc., the Carying Place and the Serving Cup).

·         Awarded 8 grants through the Neighborhood Improvement Matching Grant program; .

·         Completed two projects through the Downtown Façade Improvement Program; . 

 

KEY PERFORMANCE OBJECTIVES

·         Meet the housing performance measures established in the Affordable Housing Plan.

·         Implement the Town of Cary housing rehabilitation program to provide financial assistance to a minimum of fifteen (15) lower-income owners of older properties within the Town limits.

·         Implement the housing, public infrastructure and economic development projects contained in the FY 2009 CDBG Annual Action Plan while complying with all federal regulations.

·         Make adjustments to Cary’s affordable housing programs, with focus on performance targets, concentration issues, and location goals.

 

KEY PERFORMANCE MEASURES


Performance Measure

Actual
FY 2007

Estimated
FY 2008

Projected
FY 2009

% of housing funds expended in same fiscal year budgeted

35%

15%

35%

% of CDBG funds expended in same fiscal year budgeted

50%

 88%

50%

% of affordable housing targets achieved

50%

50%

50%

 

KEY WORKLOAD INDICATORS


Workload Indicators

Actual
FY 2007

Estimated
FY 2008

Projected
FY 2009

Number of housing units rehabilitated with housing funds

26

15

25

Number of new affordable housing strategies implemented.

1

1

1

Number of previously-implemented affordable strategies carried forward an additional year

7

7

8

Number of affordable housing units committed as a result of Town actions

18

14

30

Amount of state, county, federal funds secured for affordable housing 

$448,003

$456,468

$450,746
 
ACTIVITY HISTORY

Fund Number:  056-5507

 

Activity

 

Actual
FY2005

Actual
FY 2006

Actual
FY 2007

Estimated
FY 2008

Budget

FY 2009

Personnel Services

 

$69,349

$75,283

$46,868

$68,570

$73,724

Operations and Maintenance

 

$1,381

$592

$3,477

$5,975

$6,371

Capital Outlay

 

0

0

0

0

0

Other

 

$751,894

$51,879

$211,275

$882,675

$100,000
 
Total

 

$822,624

 

$127,754

 

$261,620

 

$957,220

 

$180,095

 

Authorized FTEs

1

1

1

1

1

 

SIGNIFICANT BUDGET AND SERVICE LEVEL CHANGES BEYOND CURRENT LEVELS

No significant service changes are planned for FY 2009.