Agenda - 03-16-1999 - 9e - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No. G~-e ACTION AGENDA ITEM ABSTRACT Meeting Date: March 16, 1999 SUBJECT: Urgent Repair Program Funding Alternatives DEPARTMENT: Housing and Community Development PUBLIC HEARING: (Y/1~ BUDGET AMENDMENT: (Y/1~ ATTACHMENT(S): Urgent Repair Program Progress Report 2/24/99 INFORMATION CONTACT: Tara L. Fikes TELEPHONE NUMBERS: - -ext. 2490 Hillsborough 732-8181 Chapel Hill 968-4501 Durham 688-7331 Mebane 227-2031 PURPOSE: To provide short-term and long-term funding alternatives for the Urgent Repair Program of Orange County. BACKGROUND: At their March 3, 1999 meeting, the Board of County Commissioners requested County staff to prepare a statement of possible funding options for the 1lrgent Repair Program of Orange County. That information is contained in the following paragraphs. Further, the Boazd asked for a report regarding the future administrative plan for the Urgent Repair Program as well as report on the County's current Single Family Rehab Program for the viay 4, 1999 meeting. In 1997, several organizations including Orange Community Housing Corporation (OCHC), Habitat for Humanity, Orange County HOME- Consortium, and the Orange County Department on Aging established the Urgent Repair Program of Orange ~'uunty. Administration of the program was undertaken by Orange Community Housing Corporation. Initial funding was provided by the N.C. Housing Finance Agency, the Orange County HOME Program, and the Triangle Community Foundation. A detailed description of the program accomplishments is included with this abstract. At this time, OCHC is nearing completion of the second round of funding from the N.C. Housing Finance Agency. The availability of additional State funding is not anticipated until the yeaz 2000. No alternative funding source has been identified for the remainder of this fiscal year nor the coming 1999-2000 fiscal year. Thus, in the interest of continuing this program, the following funding alternatives are proposed for the remainder of the current fiscal year (short-term) and the upcoming fiscal year (1999-2000) which are considered long-term options.