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2005 S Housing - Orange Co 2005-2006 Home Program - Design Habitat For Humanity of Orange Co$100,000
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2005 S Housing - Orange Co 2005-2006 Home Program - Design Habitat For Humanity of Orange Co$100,000
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Last modified
6/13/2011 12:02:48 PM
Creation date
10/13/2010 4:52:13 PM
Metadata
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Template:
BOCC
Date
5/3/2005
Meeting Type
Regular Meeting
Document Type
Agreement
Agenda Item
9c
Document Relationships
Agenda - 05-03-2005-9c
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Path:
\Board of County Commissioners\BOCC Agendas\2000's\2005\Agenda - 05-03-2005
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C/~ G <br />NORTH CAROLINA <br />ORANGE COUNTY <br />DEVELOPMENT AGREEMENT <br />This is an AGREEMENT between ORANGE COUNTY, a general local governmental <br />unit of the State of North Carolina, (hereinafter referred to as the "County") and HABITAT <br />FOR HUMANITY OF ORANGE COUNTY, NC, INC., a North Carolina non-profit housing <br />organization (hereinafter referred to as "Habitat"). The effective date of this agreement is <br />~5~ <br />WITNESSTH <br />WHEREAS, .the Orange County HOME Consortium has designated approximately <br />$100,000 in FY 2005 HOME funds and $250,000 in FY 2006 HOME funds for the purpose of <br />predevelopment and infrastructure costs in the development of a proposed Purefoy Drive <br />subdivision in Orange County and; <br />WHEREAS, the County is the lead entity of the Orange HOME Consortium, so designated <br />in an agreement dated July 1, 2005, and as such is the lead entity in a representative capacity for all <br />members of the Orange HOME Consortium for the purposes of carrying out the HOME Program in <br />accordance with the Title II of the Cranston-Gonzalez National Affordable Housing Act (Pub. L. <br />101-625), (42 U.S.C. 3535(d.) et. seg.) (hereinafter referred to as the "Act"), and as further defined <br />in the Federal Program Requirements provided by the U.S. Department of Housing and Urban <br />Development; and <br />WHEREAS, Habitat intends to construct a 20 unit subdivision with dwelling units for <br />first-time homebuyers earning up to 60% of HUD area median income as described in their FY <br />2005 HOME Program Proposal dated February 28, 2005 and their FY 2006 HOME Program <br />Proposal dated February 28, 2006 which is hereby incorporated into this Agreement, and <br />hereafter referred to as "The Project". A copy of the 2005 and 2006 HOME Program Proposals <br />are on file in the office of the Housing and Community Development Department; and <br />WHEREAS, Habitat intends to assist twenty (20) first-time homebuyers earning up to <br />60% of HUD area median income purchase newly constructed housing in the Purefoy Drive <br />subdivision; and <br />WHEREAS, afirst-time homebuyer for the purposes of this program is defined as any <br />low income household that has not owned a home within the past three (3) years including <br />households living in manufactured housing not permanently affixed to a foundation, or owner- <br />occupants of homes not feasible for rehabilitation and has lived or worked in Orange County for <br />at least one year prior to the home purchase; <br />
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