HomeMy WebLinkAboutRES-2019-042 Resolution authorizing the Orange County FY 2019-2020 Home Program Design RES - 2019 -042
RESOLUTION AUTHORIZING
THE ORANGE COUNTY FY 2019 - 2020 HOME PROGRAM DESIGN
BE IT RESOLVED , the Orange County Board of Commissioners , as a member of the
Orange County HOME Consortium, approves the following activities for the FY 2019-2020
HOME Program .
Second Morteage Assistance
Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment,
zero interest second mortgages for six (6 ) homes in the Fairview Community in Hillsborough
and Northside Neighborhood in Chapel Hill . Homes will be sold to households earning between
thirty percent (30 % ) and eighty percent ( 80 % ) of the area median income .
(Requested amount: $ 240, 000) $ 1813392
Acquisition
Funds will be allocated to EmPOWERment , Inc . , for the acquisition of two (2 ) units for
affordable rental purposes in the Hillmont Apartment Complex in the Town of Carrboro . The
units will be leased to households earning 80 % or less of the AMI for Orange County .
EmPOWERment will also receive $ 60 , 201 in FY 184 9 CHDO Set-Aside funds and therefore
will receive a total award of $ 145 , 201 .
(Requested amount.• $ 304, 800) $ 85 , 000
Countywide 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: $ 141 , 004) $ 141 , 004
Program Administration $ 35 , 030
TOTAL FY 2019 -2020 HOME PROGRAM FUNDS
$ 442 ,426
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 is the 18th June , 2019
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