HomeMy WebLinkAboutRES-2005-037 Authorizing the Orange County 2005-2006 Home Program Design~ £S ~~oos-~ 3 ~
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RESOLUTION AUTHORIZING
THE ORANGE COUNTY 2005-2006 HOME PROGRAM DESIGN
BE IT RESOLVED, by the Orange County Board of Commissioners as a member of the Orange
County HOME Consortium approve following activities for the 2005-2006 HOME Program.
Property Acquisition
Funds would be allocated to the Town of Hillsborough to acquire and renovate a dwelling unit in the
Fairview community to resale to a first-time homebuyer earning less than 80% of area median income.
(Requested amount: $100, 000) $100,000
Funds would be allocated to the Chrysalis Foundation to acquire property for a permanent supportive
housing project that would provide housing for chronically homeless individuals and families.
(Requested amount: $200, 000) $100,000
Funds would be allocated to Orange Community Housing and Land Trust to acquire, demolish, or
renovate (if necessary and appropriate) housing in the Northside neighborhood in Chapel Hill.
(Requested amount:.. $100, 000) $100,000
Homeowner Assistance
Funds would be allocated to Habitat for Humanity to provide four (4) deferred second mortgages to first-
time homebuyers with incomes below 80% of median income in the Richmond Hills subdivision.
(Requested amount: $80,000) $80,000
Funds would be allocated to Orange Community Housing and Land Trust to provide down-payment
assistance for up to three newly constructed townhomes in the Pacifica development in Carrboro. The
dwelling units will be developed by the private sector, and then placed in the Land Trust. Eligible
families would be first-time homebuyers with incomes below 80% of median income.
(Requested amount: $15,000) $15,000
Funds would be allocated to EmPOWERment to provide second mortgages to three (3) first-time
homebuyers earning less than 80% of the area median income to buyers of the planned new
condominiums on Davie Road in Chapel Hill.
(Requested amount: $75,000) $75,000
Funds would be allocated to Orange County to serve as match funds for a FY 2005 Individual
Development Account (IDA) Program that will serve first-time homebuyers below 80% of area median
income.
$25,000
Operational Support
Funds would be allocated to Orange Community Housing and Land Trust as a Community Housing
Development Organization for administrative expenses.
(Requested amount: $1 S, 000) $15,000
New Construction
Funds would be allocated to Habitat for Humanity to provide funding for pre-development costs related
to the development of a 17-acre vacant tract of land on Sunrise Road in Chapel Hill.
(Requested amount: $70, 000) $70,000
Funds would be allocated to Habitat for Humanity to provide funding for infrastructure development of
Phase II of the Rusch Hollow project located on Rusch Road in Chapel Hill. Habitat plans to build at
least 12 dwelling units for sale to first-time homebuyers earning less than 60% of the area median
income.
(Requested amount: $200,000)
$100,000
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Funds would be allocated to InterFaith Council for Social Service for pre-development costs related to
development of a Residential Center for homeless men. The Center would offer emergency and longer
term housing and provide services for homeless citizens. '
(Requested amount: $250, 000) $75,000
Rental Assistance
Funds would be provided for short-term rental assistance for tenants of cooperative housing in the
County operated by Weaver Community Housing Association. The program will operate in a similar
manner to the Section 8 Program and provide rental subsidies for a period of two years to families at or
below 50% of the area median income.
(Requested amount: $26,000) $26,000
Funds would be provided for rental assistance for approximately 5 - l Olow-income families leasing
standard property in Orange County. The program will operate in a similar manner to the Section 8
Program and provide rental subsidies for a period of two years to families at or below 50% of the area
median income. This is an extension of the program begun in the 2004-2005 program year.
$127,102
Program Administration
TOTAL HOME PROGRAM FUNDS
$ 70,794
$978,896
BE IT FURTHER RESOLVED, that the 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 maybe required by the U.S. Department of Housing and Urban Development.
This the 3rd day of May 2005