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Home My WebLink AboutRES-2024-001 Resolution Awarding Funds for the FY 2023-24 Capital Investment Plan Affordable Housing Program I RES - 2024-001 , & a , 1/ 16/24 Attachment 4 ORANGE COUNTY BOARD OF COMMISSIONERS RESOLUTION AWARDING FUNDS FOR THE FY 2023 -24 CAPITAL INVESTMENT PLAN AFFORDABLE HOUSING PROGRAM c BE IT RESOLVED , by the Orange County Board of Commissioners , upon recommendation by the Orange County Affordable Housing Advisory Board, to approve the following awards for the FY 2023 -24 Capital Investment Plan Affordable Housing Program : CASA Funds will be allocated to CASA as a grant for development of three (3 ) 24 -unit residential buildings and one community building in Hillsborough . Units will be used for households at or below 30 % - 60 % AMI (Requested amount: $825) 000) $ 8259000 Funds will be allocated to CASA for the development of a thirty-two (32) unit apartment building in Chapel Hill that will provide affordable housing for households earning less than 30 % of the Area Median Income (AMI) . (Requested amount. $3) 533, 173) $ 7339500 EMPOWERment, Inc . Funds will be allocated to EMPOWERment, Inc . for the acquisition of an existing rental r property, which consists of eight ( 8 ) affordable housing units in Chapel Hill, NC . This project is for individuals earning between 30 % - 60 % of the Area Median Income (AMI) (Requested amount: $ 500) 000) $ 5009000 The county will transfer parcels 9778941099 , 9778941081 , and 9778930971 to EMPOWERment, Inc . (Request, Conveyance of Land) Conveyance of Land Funds will be allocated to EMPOWERment, Inc . for the acquisition often ( 10) single -family homes located off Homestead Road community in Chapel Hill . This project will target people who are earning below 80 % AMI . (Requested amount: $ 4 000) 000) $ 8259000 Habitat for Humanity of Orange County Funds will be allocated to Habitat for Humanity of Orange County for the development of site infrastructure in contribution to the delivery of seventy- six (76) needed new units of housing in Orange County . Of these units , sixty-four (64) will be affordable Habitat homes sold to first-time homebuyers earning from 30 % - 80 % of AMI . (Requested amount. $3) 700, 000) $ 8009000 Pee Wee Homes Funds will be allocated to Pee Wee Homes for the development of three (3 ) residences targeting Orange County community members who have experienced chronic homelessness or are currently homeless and have incomes below 30 % AMI . (Requested amount: $ 166, 500) $ 1669500 G G l ' i; Community Housing Partners Funds will be allocated to Community Housing Partners for the redevelopment of fifty-four ( 54) affordable rental units serving households earning from below 30 % up to 80 % AMI . Trinity Court will be comprised of twenty (20) two -bedroom, twenty (20 ) three bedroom, and fourteen ( 14) one -bedroom units in Chapel Hill (Requested amount: $950) 000) $ 9509000 ff Community Home Trust Funds will be allocated to Community Home Trust for the development of twenty - one (21 ) townhomes , earmarked for individuals and families earning 65 % 40 % AMI in Chapel Hill (Requested amount: $900, 000) $ 900 , 000 4 This is the 16th day of January , 2024 . i J ezetta ffedford, Chair Orange County Board of Commissioners 4 SE L 17 SZ � L ICTro1�'�fi� is-- is