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HomeMy WebLinkAboutRES-1997-027 Resolution Authorizing the 1997-98 Home Program Design 1- ES- 1g ct 7 - ©,;Zl 3S6 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 Reuair 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 rr 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 21 st day of May 1997.