HomeMy WebLinkAboutRES-2014-030 Resolution Authorizing The Orange County 2014-2015 Home Program Design RES-2014-030
RESOLUTION AUTHORIZING
THE ORANGE COUNTY FY 2014-2015 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 2014—2015 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: $50,000) $52,731
Funds would be allocated to the Community Home Trust for new construction costs for townhomes to be
built to assist first time homebuyers earning less than 80 percent of the area median income to purchase
homes in the Waterstone Development.
(Requested amount: $100,000) $64,481
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: $250,000) $250,000
Operational Support
Funds would be allocated to the Community Home Trust as a Community Housing Development
Organization for administrative expenses.
(Requested amount: $20,000) $11,777
Funds would be allocated to the Community Alternatives for Supportive Abodes for administrative
expenses.
(Requested amount: $25,000) $ 5,800
HousinS Rehabilitation
Funds would be allocated to Weaver Community Housing Association for repairs to replace siding for six
(6)units in Cedar Rock Apartments.
(Requested amount: $30,374) $30,374
Program Administration $35,154
TOTAL FY 2014-2015 HOME PROGRAM FUNDS $450,317
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 day of May 2014 •y
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