HomeMy WebLinkAboutRES-2026-013-Resolution Amending the 2020 Affordable Housing Bond CIP funding for Homestead Gardens RES -2026- 013
RESOLUTION AMENDING A NOVEMBER 2020 RESOLUTION REGARDING THE
2020 ORANGE COUNTY AFFORDABLE HOUSING BOND PROGRAM
BE IT RESOLVED , by the Orange County Board of Commissioners , upon
recommendation by Orange County Housing Staff, approve the following amendment to the
awards for the 2020 Affordable Housing Bond Program :
CASA
Funds will be allocated to CASA 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: $ 13 000) 000) $ 190009000
Community Home Trust
Funds will be allocated to the Community Home Trust 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: $500, 000) $ 5009000
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) 5003000) $ 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 17Ih day of February , 2026 .
can Hamilton, Chair
t/R
Orange County Board of Commissioners
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