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2 <br />Division of Community Assistance requires each community to establish a Selection Committee <br />for this grant. The existing Orange County HOME Review Committee will continue to serve in <br />this capacity. <br />This second hearing has been scheduled after the application has been completed but prior to <br />submission to the N.C. Department of Commerce as required in the application guidelines. An <br />application summary is provided as an attachment. All comments received will be included in <br />the application document. <br />FINANCIAL IMPACT: Application for these funds represents an additional $400,000 available <br />for affordable housing initiatives in the. County. <br />RECOMMENDATION(S): The Manager recommends that the Board: <br />1) Receive public comments as additional information; <br />2) Approve the resolution authorizing the submission of the formal application document on <br />November 15, 2010; and <br />3) Authorize the Chair to sign the application document on behalf of the Board. <br />