HomeMy WebLinkAboutRES-2018-049 Resolution authorizing the OC FY2018-19 Revised Home Program DesignR ES- 2018 -049
RESOLUTION AUTHORIZING
THE ORANGE COUNTY FY 2018 -2019 REVISED HOME PROGRAM DESIGN
BE IT RESOLVED, the Orange County Board of Commissioners, as a member of the
Orange County HOME Consortium, approves the following revised 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 thirty percent (30% and sixty -five percent (65 %) of the area
median income.
(Requested amount: $60, 000) $60,000
Homeownership Assistance
Funds will be allocated to the Community Home Trust (CHT) 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
Countvwide Tenant Based Rental Assistance
Funds will be allocated to the Orange County Housing and Community Development
Department for assisting persons experiencing homelessness under the Rapid Re- Housing
Program, as well as the provision of general rental assistance County -wide for other eligible low
income persons.
(Requested amount: $150,1402) $139,613
CHDO Set Aside Activities
Funds will be set aside for eligible Community Housing Development Organizations (CHDOs)
as it relates to eligible project activities. The Consortium will utilize a Request for Proposal
(RFP) process to identify eligible projects.
(FY2018- 2019's 15% set aside required by HUD) $60,201
Program Administration $40,134
TOTAL FY 2018 -2019 REVISED HOME PROGRAM FUNDS
$504,948
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
ormation as may be required by the U.S. Department of sm and Urban
of , 2018
Mark Dorosin, Oair
Orange Coun4 Board