HomeMy WebLinkAboutRES-2020-031 Resolution authorizing a revision in the Orange County FY 2018-2019 HOME program design RES - 2020 -031
ORANGE COUNTY BOARD OF COMMISSIONERS
RESOLUTION AUTHORIZING A REVISION IN THE
ORANGE COUNTY FY 201 & 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 revision in the Resolution adopted May 1 , 2018 so that
there is an addition of a new Rental Acquisition project activity and a revision in the
Homeownership Assistance project activity so that both read as follows in their entirety :
Homeownership Acquisition
Funds will be allocated to the Community Home Trust for the acquisition of one ( 1 ) single -
family property for sale to a household earning 80 % or less AMI .
(Requested amount: $ 15, 000) $ 159000
Rental Acquisition
Funds will be allocated to the Community Home Trust for the acquisition of one ( 1 ) single - family
property for rental to a household earning 30 % or less AMI .
(Requested amount: $40, 000) $ 40 , 000
Homeownership Assistance
Funds will be allocated to the Community Housing Trust to provide homebuyer financial
assistance for one ( 1 ) household in the Northside and Pine Knolls Neighborhood of Chapel Hill
earning 80 % or less AMI .
(Requested amount. $ 5, 000) $ 59000
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 5th day of May 2020 .
Penny Rich, Chair
Orange County Board of Commissioners
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