HomeMy WebLinkAboutORD-2008-018 - Affordable Housing Program capital Projecct OrdinanceATTACHMENTS
Affordable Housing Program
Capital Project Ordinance
Be it ordained by the Orange County Board of County Commissioners that pursuant to Section
13.2 of Chapter 159 of the General Statutes of North Carolina, the following
capital project is hereby adopted.
Section 1. The project authorized provides funds to fund housing activities in the following
categories: land acquisition, housing development, and homeownership.
Proceeds from the 1997 and 2001 voter approved bond referenda, Affordable
Housing Trust funds and Community Development Program Income finance the
project.
Section 2. The officers of the County are hereby directed to proceed with the project within
the budget contained herein.
Section 3. The following revenue is anticipated to complete this project:
Through FY
2006-07
FY 2007-08 Through FY
2007-08
Sales Tax $0 $0 $0
1997 Bond Funds $1,800,000 $0 $1,800,000
2001 Bond Funds $2,600,000 $0 $2,600,000
Grant Funds $0 $0 $0
Private Placement $0 $0 $0
Fees $0 $0 $0
Transfer from Community
Develo ent Income)
$126,432
$0
$126,432
Transfer from Community
Develo went (Housin Trost Funds
$173,568
$0
$173,568
Total Fundin $4,700,000 $0 $4,700,000
ATTACHMENT 5 (~
Section 4. The following amount is appropriated for this project:
Through FY
2006-07
F'Y 2007-08 Through FY
2007-08
EmPOWERment
Pine Hill Drive $90,000 $0 $90,000
Sykes Street Homeownershi Program $90,000 $0 $90,000
Pine Knolls Communi land $129,930 $0 $129,930
Total EmPOWERmen $309,930 $0 $309,930
Habitat for Humanity
Richmond Hills $460,000 $0 $460,000
Rusch Road Homeownershi Pro $280,000 $0 $280,000
Total Habitat for Humani $740,000 $0 $740,000
Legion Road $140,000 $0 $140,000
Continuin Care Center $275,000 $0 $275,000
Transitional Housin (Cha el Hill) $75,000 $0 $75,000
Scattered Site Housing $300,000 $0 $300,000
Sunrise Road Pro'ect $300,000 $0 $300,000
OPC Foundation - S ecial Needs Rental $260,000 $0 $260,000
Affordable Rentals - S ecial Needs Rental $300,000 $0 $300,000
Weaver Community Housin Association $220,000 $0 $220,000
C alis Foundation $0 $130,000 $130,000
Pritchazd Avenue A artments - CASA $0 $632,300 $632,300
Land Bankin $480,070 $0 $480,070
2001 Unallocated Bond Funds $1,300,000 ($762,300] $537,700
Total Costs $4,700,000 $0 $4,700,000
Section 5. This ordinance supersedes previous Affordable Housing Capital Project
Ordinances for Orange County. Government.
Section 6. This ordinance shall remain in effect until June 30, 2008.
Adopted this 15th day of April 2008.