HomeMy WebLinkAboutRES-2021-028-Resolution Authorizing the Orange County FY 2021-2022 HOME Program Design i
RES - 2021 -028 Attachment 4
RESOLUTION AUTHORIZING
THE ORANGE COUNTY FY 2021 -2022 HOME PROGRAM DESIGN
BE IT RESOLVED , by the Orange County Board of Commissioners , as a member of the
Orange County HOME Consortium, that the Commissioners approve the following activities for
the FY 2021 -2022 HOME Program .
G
Homebuyer Assistance
Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment
zero interest mortgages to an estimated fifteen ( 15 ) homebuyers in the Fairview Community in
Hillsborough earning between thirty percent (30 % ) and eighty percent ( 80 %) of the area median
income . (The final number of homebuyers assisted may be more or less than 15 and will depend
on homebuyer underwriting . )
(Requested amount: $ 450, 000) $ 4349393
Rental Construction
Funds will be allocated to Pee Wee Homes to finance construction of three (3 ) small rental units
at 106 Hill Street in Carrboro . Units will be leased to households experiencing homelessness and
earning less than thirty percent (30 %) of the area median income .
(Requested amount: $ 100, 000) $ 1009000
Predevelopment Loan
Funds will be allocated to EmPOWERment, Inc . for acquisition of a duplex containing two (2)
units at 706 Gomains Avenue in Chapel Hill . Units will be leased to households earning less than
thirty percent (30 %) of the area median income .
(Requested amount: $ 105, 000) $ 1059000
Program Administration $ 379874
BE IT FURTHER RESOLVED , that the County Manager is hereby designated as the
authorized representative of the County to act in connection with the HOME Program and to
provide such additional information as may be required by the U . S . Department of Housing and
Urban Development .
This is the4 day of , 2021
VIR V�se
Renee Price , Chair
17 a S� Orange County Board of Commissioners
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