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2 <br />The current Orange County HOME Consortium Agreement establishes a HOME Program <br />Review Committee to provide general oversight of the program. Participants in the HOME <br />Consortium are Orange County and the Towns of Carrboro, Chapel Hill, and Hillsborough. The <br />Committee is authorized to provide policy oversight for planning, operations, and evaluation of <br />OHC and the HOME Program. The Manager or his/her designee from each participating unit of <br />local government and one (1) elected official from each jurisdiction shall be a member. For <br />Orange County, Commissioner Valerie Foushee serves on this Committee. <br />Every year, the HOME Program Review Committee prepares a proposed HOME program <br />design and consortium program application to HUD in compliance with the Act, the Regulations, <br />and the Federal Program Requirements, including reallocation of any funds from previous years <br />not expended or any repayments or other program income consistent with this Section. The <br />proposed HOME program design defines a strategy in sufficient detail to accommodate the <br />collective and individual. needs and priorities of the County and Towns. Each year's proposed <br />HOME program design and the consortium program application should be consistent with the <br />Consolidated Plan and is subject to the approval of each consortium member's elected board. <br />This year, as required by the Consortium Agreement, the HOME Program Review Committee <br />reviewed applications for HOME Program funding and developed the proposed HOME Program <br />Design for the 2009-2010 Program Year. A total of seven (7) applications were received from <br />local non-profit organizations and other local governmental units requesting approximately <br />$990,000. There is approximately $795,534 in HOME funds and HOME Program match funds <br />available for Fiscal Year 2009-2010. The recommended program design is detailed in the <br />attached resolution. <br />In accordance with the Orange County HOME Consortium Agreement approved in June 2005 <br />the HOME Program Design for each year must be approved by all jurisdictions prior to <br />submission to HUD. The Program Design is scheduled for approval by Chapel Hill on May 4, by <br />Carrboro on May 5, and by Hillsborough on May 11th. The Orange County Board of <br />Commissioners is therefore asked to consider approval of the attached HOME Program <br />Resolution. <br />HOME Program Implementation <br />After approval of the 2009-2010 HOME Program design by all consortium participants, <br />authorization is also requested to allow the Orange County Manager to execute agreements <br />with partnering non-profit organizations as necessary to implement the approved HOME <br />Program design. All agreements will receive the review and approval the County Attorney's <br />office. <br />FINANCIAL IMPACT: The Orange County HOME Consortium is scheduled to receive <br />approximately $661,756 in federal housing program funding. The required total local <br />government match is $148,895. Orange County's share of the match is $59,558 which will be <br />allocated from County's general fund. The County has also received program income in the <br />amount of $51,058 during the current fiscal year that is available for re-programming. Most of <br />this revenue comes from the repayment of second mortgages. Therefore, the total amount of <br />HOME funds available for the coming fiscal year is $795,534. <br />