HomeMy WebLinkAboutRES-2020-067 Resolution Awarding Funds for the 2020 Orange County Affordable Housing Bond Program TW 11 a
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RES - 2020 - 067 (0
RESOLUTION AWARDING FUNDS FOR THE 2020
ORANGE COUNTY AFFORDABLE HOUSING BOND PROGRAM
BE IT RESOLVED , by the Orange County Board of Commissioners , upon
recommendation by the Orange County Affordable Housing Advisory Board, approve the
following awards for the 2020 Affordable Housing Bond Program :
Center for Community Self-Help
Funds will be allocated to the Center for Community Self-Help as a grant for development of
2200 Homestead Road, a mixed-income rental and homeownership development in Chapel Hill
with 113 affordable units and four (4) market-rate units . Affordable units will be leased or sold
to households earning less than thirty percent (30 %) and up to eighty percent ( 80 %) of the area
median income .
(Requested amount. $ 1 ) 500, 000) $ 19500 , 000
EmPOWERment, Inc .
Funds will be allocated to EmPOWERment, Inc . as a grant for development of PEACH
Apartments , a rental development with eight ( 8 ) units on Johnson Street in Carrboro . Units will
be leased to households earning less than thirty percent (30 %) and up to sixty percent ( 60 %) of
the area median income .
(Requested amount.• $ 700, 000) $ 7009000
Habitat for Humanity of Orange County
Funds will be allocated to Orange County Habitat for Humanity as a grant for development of
Weaver ' s Grove, a mixed-income , mixed-use homeownership development in Chapel Hill with
100 affordable units and 136 lots to be sold for market-rate development . The 100 affordable
homes will be sold to households earning between thirty percent (30 %) and eighty percent ( 80 %)
of the area median income .
(Requested amount.• $ 1 , 500, 000) $ 134 , 160
Interchurch Council Housing Corp
Funds will be allocated to Interchurch Council Housing Corp as a grant for repair of the stairwell
at Chase Park Apartments , an affordable rental property in Chapel Hill with 40 affordable units
leased to households earning less than thirty percent (30 %) and up to sixty percent ( 60 %) of the
area median income .
(Requested amount. $ 1 ) 500, 000) $ 1659840
This is the 51h day of November, 2020 . i
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