HomeMy WebLinkAboutRES-2018-028 Resolution authorizing the OC FY18-19 Home Program designRES- 2018 -028
RESOLUTION AUTHORIZING
THE ORANGE COUNTY FY 2018 -2019 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 FY 2018 -2019
HOME Program.
Second Mortgage Assistance
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: $60, 000) $60,000
Homeownership Assistance
Funds will be allocated to the Community Home Trust to provide homebuyer financial assistance
for two (2) families in the Northside and Pine Knolls Neighborhood of Chapel Hill.
(Requested amount: $60, 000) $60,000
Acquisition
Funds will be allocated to EmPOWERment, Inc., for the acquisition of a single family property
for lease to households earning 80% or less AMI.
(Requested amount: $145,000) $145,000
Tenant Based Rental Assistance
Funds will be allocated to the Inter -Faith Council for Social Services for assisting persons
experiencing homelessness too move quickly into permanent housing and achieve stability
through a combination of rental assistance and supportive services.
(Requested amount: $25, 000) $25,000
Housing Rehabilitation
Funds will be allocated to the Orange County Housing and Community Development
Department for housing rehabilitation activities. This program will provide rehabilitation to
owner- occupied homeowners throughout Orange County earning 80% or less of the area median
income.
(Requested amount. $49,211) $49,211
Program Administration $28,969
TOTAL FY 2018 -2019 HOME PROGRAM FUNDS
$368,180
BE IT FURTHER RESOLVED, that the County Manager is hereby designated as the authorized
ie County to act in connection with the submission of this plan and to provide
6rmation as may be required by the U.S. Department of Housing and Urban
of 14/1 , 2018
Mark Dorosin, CNaf ✓
Orange County Board of Commissioners