HomeMy WebLinkAboutRES-2011-046 Resolution Authorizing FY 2011-2012 Home Program Design
RESOLUTION AUTHORIZING
THE ORANGE COUNTY FY 2011-2012 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 2011-2012 HOME
Program.
Homeownership Assistance
Funds would be allocated to the Community Home 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 Community Home Trust.
(Requested amount: $185,000) $185,000
Funds will be allocated to Orange County' Habitat for Humanity to provide deferred payment zero
interest second mortgages for ten (1Q) homes throughout Orange County. Homes will be sold to
households earning between 30 percent and 65 percent of the area median income.
(Requested amount: $175, 000)
$175,000
Operational SUpAOrt
Funds would be allocated to the Community Home Trust as a Community Housing Development
Organization for administrative expenses.
(Requested amount: $30,000) $30,000
Predevelopment and Acquisition
Funds would be provided to Orange County Habitat for Humanity for predevelopment costs and
acquisition costs for a nine (9) acre tract located in Efland Cheeks Township in Orange County.
(Requested amount: $75,000)
$75,000
New Construction
Funds would be allocated to Inter-Faith Council for Social Services towards construction of
Project Community House, a men's transitional housing facility. The facility will have the
capacity to serve fifty two (52) homeless men.
(Requested amount: $300, 000)
$125,000
Funds would be allocated to TBLF, LLC during construction and will remain as part of the
permanent financing sources for the 44-unit rental apartment complex serving families earning
less than 80 percent of the area median income.
(Requested amount: $467, 664)
$81,335
Homeless Outreach
Funding would be provided to Housing for New Hope to support homeless outreach and
increased housing support that assist the homeless of Orange County into permanent housing.
(Requested amount.• 50, 000)
$50,000
Program Administration $64,119
TOTAL FY 2011-2012 HOME PROGRAM FUNDS $785,454
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 .-iluired by the U.S. Department of Housing and Urban
Development
This the ~ day of May 2011
~~,~~e ' ('Coq~t~ Bernadette Pelissier, Chair
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