HomeMy WebLinkAboutRES-2008-035 Resolution Authorizing the Orange County FY 2008-2009 Home Program Design•
RESOLUTION AUTHORIZING
THE ORANGE COUNTY FY 2008-2009 HOME PROGRAM DESIGN
BE IT RESOLVED, by the Orange County Board of Commissioners as a member of the Orange
County HOME Consortium approve the following activities for the 2008-2009 HOME Program.
Homebuver Assistance
Funds would be allocated to the Orange Community Housing and Land Trust to assist first time
homebuyers earning less than 80 percent of the area median income to purchase homes county-wide
Funds would be provided as a grant to the Land Trust.
(Requested amount: $1 S0, 000) $100,000
Funds would be allocated to Orange County Habitat for Humanity to provide deferred payment zero-
interest second mortgages for six homes throughout Orange County. Homes would be sold to households
earning between 30 percent and 80 percent of the area median income.
(Requested amount: $300, 000) $120,000
Housing Rehabilitation
Funds would be allocated to Community Alternatives for Supportive Abodes (CASA) for the repair of
five duplexes on Pritchard Avenue Extension in Chapel Hill that will be leased to individuals that are
disabled and/or chronically homeless.
(Requested amount: $232, 619) $435,225
Operational Support
• Funds would be allocated to Orange Community Housing and Land Trust as a Community Housing
Development Organization for administrative expenses.
(Requested amount: $SS, 000) $ 33,000
New Construction
Funds would be allocated to Town of Hillsborough for, infrastructure development in the Highland Woods
subdivision in the Northern Fairview community.
(Requested amount: $100,000) $ 56,250
Program Administration
TOTAL FY 2008-2009 HOME PROGRAM FUNDS
BE IT FURTHER RESOLVED, that the County
authorized representative of the County to act in connection
provide such additional information as may be required by the
1
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$ 66,176
$810,651
Manager is hereby designated as the
with the submission of this plan and to
U.S. Department of Housing and Urban
Deve opment.
This the l st day of May 2008.
SEAL
Barry Jacobs, Chair