HomeMy WebLinkAboutRES-2007-036 Orange County FY 2007-2008; 2004-2005, 2005-2006 & 2006-2007 Home Program Amend;~~s --aOG ~- v3~
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RESOLUTION AUTHORIZING 7" Fi
THE ORANGE COUNTY FY 2007-2008 HOME PROGRAM DESIGN
AND FY 2004-2005; 2005-2006: AND 2006-2007 HOME PROGRAM AMENDMENTS
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 2007-2008 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 two single family homes
in Carrboro. Funds would be provided as a grant to the Land Trust.
(Requested amount: $140,000) $140,000
Funds would be allocated to Orange County Habitat for Humanity to provide deferred payment zero-
interest second mortgages on twelve homes throughout Orange County. Homes would be sold to
households earning between 30 percent and 80 percent of the area median income.
(Requested amount: $250,000) $250,000
Rental Assistance
Funds would be allocated for tenant based rental subsidies in support of the Orange-Person-Chatham
Mental Health Agency Homelessness Initiative to provide housing and support services to persons with
disabilities who are homeless. The rental subsidy program will be operated like the Section 8 Housing
Assistance Program and will be administered by the Orange County Housing and Community
Development Department.
(Requested amount: $354,240) $ 23,883*
*Total amount available with this allocation and prior year re-allocations is $207,910)
Operational Support
Funds would be allocated to Orange Community Housing and Land Trust as a Community Housing
Development Organization for administrative expenses.
(Requested amount: $30,000) $ 30,000
New Construction
Funds would be allocated to Orange Community Housing and Land Trnst to support aloes-income.
housing tax credit application in the Winmore development in Carrboro. Funds would be used to acquire
land for this project. The Orange Community Housing and Land Trust would have the option to purchase
the units at the end of the tax-credit qualifying period of sixteen years.
(Requestedamount: $300~g00) $300,000
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Ptggrarit r~dminist`ralron' $ 66,122
TOTAL FY 2007-2008 HOME PROGRAM FUNDS
$810,005
BE IT FURTHER RESOLVED, that the Orange County Board of Commissioners as a member
of the Orange County HOME Consortium approves the following amendment for Fiscal Years 2004,
2005, and 2006 due to changes in project plans.
1. The reallocation of $70,000 in FY 2004 funds to Orange Community Housing and Land
Trust for Second Mortgage Assistance in the Winmore subdivision to Homebuyer Assistance
in the Culbreth Park and Tandler subdivisions in Chapel Hill.
2. The reallocation of $70,000 in FY 2005 funds to Habitat for Humanity for New Construction
for Sunrise Ridge to New Construction for the Purefoy Drive subdivision.
3. The reallocation of $26,000 in FY 2005 funds to Weaver Community Housing Association
for rental assistance to a Tenant Based Rental Assistance Program in support of the OPC
Mental Health Agency Homelessness Initiative.
4. The reduction of FY 2004, 2005, and 2006 funds to EmPOWERment for second mortgage
assistance from $334,000 to $250,000 for homebuyer assistance through Orange County.
The remaining $84,000 will be provided to a Tenant Based Rental Assistance Program in
support of the OPC Mental Health Agency Homelessness Initiative.
5. The reallocation of $120,000 in FY 2006 funds to Orange Corpmunity Housing and Land
Trust from second mortgage assistance in the Waterstone subdivision to homebuyer
assistance for ]and trust homes in Orange County.
6. The reallocation of $100,027 in FY 2006 funds to the Chrysalis Foundation to a Tenant
Based Rental Assistance Program in support of the OPC Mental Health Agency
Homelessness Initiative.
BE IT FURTHER RESOLVED, that the County Manager is .hereby designated as the
authorized representative of the County to act in connection with the submission of this plan and to
provide such additional information as may be required by the U.S. Department of Housing and Urban
Development.
This the 3rd day of May 2007. //~/////,~~//A~
Moses Carey, Jr, Chair