HomeMy WebLinkAboutRES-2013-038 Resolution Authorizing the Orange County FY 2013-2014 Home Program Design se
RES-2013-038
RESOLUTION AUTHORIZING
THE ORANGE COUNTY FY 2013 -2014 HOME PROGRAM DESIGN
BE IT RESOLVED, by the Orange County Board of Commissioners as a member of the
Orange County HOME Consortium approves the following activities for the 2013 - 2014 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: $60,000) $ 60,000
Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment
zero interest second mortgages for ten (10) homes throughout Orange County. Homes will be
sold to households earning between 30 percent and 65 percent of the area median income.
(Requested amount: $300,000) $300,000
Operational Support
Funds would be allocated to the Community Home Trust as a Community Housing Development
Organization for administrative expenses.
(Requested amount: $20,000) $20,000
Predevelopment and Acquisition
Funds would be provided to EmPOWERment, Inc. for acquisition and rehab of one condo unit in
Collins Crossings in Carrboro for lease to households earning less than 50% of area median
income.
(Requested amount: $45,000) $45,000
Funds would be provided to EmPOWERment, Inc. for the acquisition of a duplex unit in Chapel
Hill for lease to households earning less than 50% of area median income.
(Requested amount: $140,000) $140,000
Tenant Based Rental Assistance
Funds would be provided to Housing for New Hope Inter-Church Council to support homeless
outreach and increased housing support that assist the homeless of Orange County acquire
permanent housing.
(Requested amount: $50,000) $52,010
Program Administration $36,431
TOTAL FY 2012-2013 HOME PROGRAM FUNDS $653,441
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 7th day of May 2013.
Barry Jacob h