HomeMy WebLinkAboutRES-2018-050 Approval of Revised FY 2013 and FY 2016 HOME Funds Award and Associated Orange County Capital Investment Fund Grant Award to Community Home Trust and Community Alternatives for Supportive Abodes (CASA)RES- 2018 -050
RESOLUTION AUTHORIZING
THE ORANGE COUNTY FY 2013 GENERAL HOME, FY 2016
COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO)
SET -ASIDE AWARDS AND ORANGE COUNTY CAPITAL INVESTMENT PLAN
LAND BANKING FUNDS AWARD
BE IT RESOLVED, the Orange County Board of Commissioners, as a member of the Orange
County HOME Consortium, approves the following awards as it relates to the remaining FY
2013 General HOME Program fiends, FY 2016 Community Housing Development Organizations
(CHDOs) funds, and Orange County Capital Investment Plan Land Banking funds:
Homeownership Assistance
FY 2013 HOME Program funds will be allocated to the Community Home Trust (CHT) to
provide first -time homebuyer financial assistance for up to five (5) homebuyers earning less than
80% of the Area Median Income.
(Requested amount. $63,200.30) $16,670.90
Orange County local funds to the Community Home Trust to acquire units and provide
homebuyer assistance activities. The funds awarded are on a per project basis with 105
Greenway Landing being the first project. All funds awarded are to be spent by December 31,
2018. Any unused portion of the grant award will revert to Orange County.
Not to exceed $46,529.40
FY 2016 Community Housing Development Organizations (CHDO) Set -Aside
FY 2016 CHDO funds will be allocated to the Community Alternatives for Supportive Abodes
(CASA) and/or Community Home Trust, collectively and /or singularly, based on submitted
applications involving eligible CHDO set -aside activities. All fields must be committed by
August 20, 2018.
$46,529.40
BE IT FURTHER RESOLVED, that the County Manager is hereby authorized to execute the
agreements with Community Home Trust (CHT) and/or Community Alternatives for Supportive
Abodes (CASA) after consultation with the County Attorney.
day of June, 2018
Mark o osin, Coh
Orange County ssioners