2010-034 Housing - Home Program Agreement Community Alternatives for Supportive Abodes

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NORTH CAROLINA ORANGE COUNTY HOME PROGRAM AGREEMENT This is an AGREEMENT between Orange County, a general local governmental unit of the State of North Carolina, (hereinafter referred to as the "County") and COMMUNITY ALTERNATIVES FOR SUPPPORTIVE ABODES, a North" Carolina non-profit housing orga 'zat'on (hereinafter referred to as "Owner"). The effective date of this Agreement is WITNESSTH WHEREAS, the Orange County Board of Commissioners awarded the Owner $162,000 in FY 2009 HOME Investment Partnership Program funding to assist in the rehabilitation of rental property; and WHEREAS, the Orange County Board of Commissioners also awarded the Owner $153,937 in Community Development Program Income to assist with the rehabilitation of the rental property and to establish a maintenance and operating reserve for the properties; and WHEREAS, the County is the lead entity of the Orange HOME Consortium, so designated in an agreement dated July 1, 2008, and as such is the lead entity in a representative capacity for all members of the Orange HOME Consortium for the purposes of carrying out the HOME Program in accordance with the Title II of the Cranston-Gonzalez National Affordable Housing Act (Pub. L. 101-625), (42 U.S.C. 3535(d.) et. seq.) (hereinafter referred to as the "Act"), and as further defined in the Federal Program Requirements provided by the U.S. Department of Housing and Urban Development; and WHEREAS, the Owner intends to repair 17 dwelling units (herein after referred to as "the Project dwelling units" or "the Project") that are located on properties more particularly described in EXHIBIT A attached hereto and made a part of this Agreement (hereinafter referred to as "the Property"); and WHEREAS, the Owner intends to make the Project dwelling units available for lease to families earning up to 50% of HUD area median income as described in their FY 2009 HOME Program Proposal dated February 27, 2009 which is hereby incorporated into this Agreement, and hereafter referred to as "The Project". A copy of the FY 2009 HOME Program Proposal is on file in the office of the Housing and Community Development Department; and WHEREAS, notwithstanding any provision of this Agreement, the County and the Owner hereto agree and acknowledge that this Agreement does not constitute a commitment of funds or site approval, and that such commitment of funds or approval may occur only upon satisfactory completion of an environmental review and receipt by Orange County of a Release of Funds from the U.S. Department of Housing and Urban Development under 24 CFR Part §58