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~/a3~~" ~'_a~ <br />MOSES CAREY. JR., CHAIR ORANGE COUNTY BOARD OF COMMISSIONERS <br />BARRY JACOBS, V/CE CHA/R POST OFFICE BOX 8 "[ 81 <br />VALERIE FOUSHEE <br />ALICE M. GORDON 200 SOUTH CAMERON STREET <br />STEPHEN H HALK/0775 <br />HILLSBOROUGH, NORTH CAROLINA 27278 <br />September 7, 2005 <br />Gloria Nance-Sims, Director <br />Division of Community Assistance <br />N.C. Department of Commerce <br />4313 Mail Service Center <br />Raleigh, NC 27699-4313 <br />Dear Ms. Nance-Sims: <br />~f <br />\ft <br /> <br />Please be advised that the Orange County HOME Consortium approved a $20,000 allocation of funds to <br />the proposed FY 2005 IDA Program to match anticipated participant savings. Additionally, on Thursday, June <br />23, 2005, the Orange County Board of Commissioners approved a $15,000 contribution to the Orange County <br />IDA Grant Application for administrative and housing services. The funds will be provided by the .County's <br />Housing Trust Fund, a fund that has been capitalized over years by local general fund revenue and program <br />income. Therefore, a total of $35,000 in locally controlled funding will be available for this worthwhile <br />program. <br />The Board remains committed to facilitating the provision of affordable homeownership opportunities in <br />our community and we are excited about working again with The Women's Center to continue to administer the <br />County's IDA Program. <br />If you need additional information, please advise. Thank you for this opportunity to apply for funding <br />for this very successful program. <br />Sincerely, <br />Moses Carey, Jr. <br />Chair <br />You Count In Orange County <br />(919) 245-2?30 • FAX (919) 644-0246 <br />