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Green Tract master plan endorsed; county hires UNC DFI to analyze subsidies needed for affordability
Summary
Staff reviewed the Green Tract interlocal agreement, recent recombination of the headwaters preserve into county ownership, a master plan developed with public input and a Development Finance Initiative (DFI) engagement to test affordability scenarios and subsidy requirements.
Cy Stover, Orange County planning director, summarized the history and current status of the Green Tract project and an ongoing feasibility engagement to determine how the site could deliver affordable housing.
Stover reviewed the 2021 interlocal agreement among Orange County, Chapel Hill and Carrboro that set goals for public participation, affordable and mixed‑income housing prioritization, preservation of the headwaters, a school site and connectivity. He said a recombination plat recorded in 2022 consolidated the Headwaters Preserve under Orange County ownership for long‑term management and that a…
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