HomeMy WebLinkAboutRES-1997-022 Resolution Authorizing the 1997-1998 Home Program Design 'R �S - / l�' 9 "7- 3 Sc
RESOLUTION AUTHORIZING THE 1997-98 HOME PROGRAM DESIGN
BE IT RESOLVED, by the Orange County Board of Commissioners, that the
Commissioners as a member of the Orange County HOME Consortium approve the following
activities for the 1997-98 HOME Program.
Site Improvements
Funds would be allocated to Habitat for Humanity, Orange County for site improvements for one
(1) lot in Culbreth Park and five (5) lots in the Efland community to be developed for low income
homebuyers.
$60,000
Emergency Housing Repair Program
Funds would be available for small emergency repair projects (i.e. leaking roofs) for housing
occupied by low income elderly families.
$50,000
Neighborhood Revitalization Homeownership Revolving Loan Fund
Funds would be used to capitalize a Neighborhood Revitalization Loan Fund to purchase and
rehabilitate housing in the Chapel Hill-Carrboro area for resale to very low to low income
families.
$60,000
Acquisition
Funds would be used to assist the Orange-Person-Chatham Mental Health Association with the
purchase and necessary renovation of dwellings for rental occupancy by severely and persistently
mentally ill Orange County residents.
$40,000
Housing Rehabilitation
Funds would provide deferred loans to rehabilitate low income owner-occupied and rental
housing units. Homeowners with less than 60% of median income would be eligible for these
loans.
$131,100
Program Administration
$37,900
TOTAL PROGRAM FUNDS $379,000
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 revision
and to provide such additional information as may be required by the U.S. Department of Housing
and Urban Development.
This the 5th day of May 1997.