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HomeMy WebLinkAboutHAC and CHAB Responsibility ComparisonTown of Southold 12/15/2025 Community Development and Housing Department (CDHD) HAC AND CHAB 1 CHF – Community Housing Fund (Approx $6 million), based in Chapter 17 2 SHF – Southold Housing Fund (Approx. $1 million), based in Chapter 34 3 AHRC – Affordable Housing Review CommiƩee 4 CDHD – Community Development and Housing Department Community Housing Fund Advisory Board (CHAB) Housing Advisory Commission (HAC) Where are the roles noted? Chapter 17, Community Housing Plan Chapter 34, Community Housing Plan What are the roles moving forward? - Review and make recommendaƟons to the Town Board regarding projects that are being awarded through CHF1 monies (.5% Tax). - Comment and review on proposed policies that get funded through the CHF. (Such as the ADU low interest loans, First Ɵme home-buyer loan etc.) - Make recommendaƟons on updates to the Community Housing Plan. - Review and make recommendaƟons to the Town Board regarding projects that are being awarded SHF2 monies ($1million Fund). - Comment and review on proposed policies that get funded through the SHF. (Such as the ADU low interest loans, First Ɵme home-buyer loan etc.) - Make recommendaƟons on updates to the Community Housing Plan through representaƟon on the AHRC3. - Review and approve any capital improvements for the SHF. - Coordinate public outreach events with CDHD4. (IE. First Ɵme homebuyer seminars, financial literacy courses etc.) How oŌen do they meet? - As needed - As needed Membership restricƟons? - No less than 7 but no more than 15 residents of the Town. No member of the Town Board shall serve on the advisory board. The board shall include a representaƟve of: (a) the construcƟon industry: (b) the real estate industry: (c) the banking industry; (d) three representaƟves of local housing advocacy or human services organizaƟons: and (e) at least one resident from a parƟcipaƟng village. - This Board will consist of 7 residents of the Town who shall serve without compensaƟon.