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P-0291 - Housing - Orange County Housing Bond Policy
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P-0291 - Housing - Orange County Housing Bond Policy
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Last modified
2/10/2011 9:15:51 AM
Creation date
2/10/2011 9:15:39 AM
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BOCC
Date
6/2/2004
Meeting Type
Regular Meeting
Document Type
Others
Agenda Item
9a
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Orange County. Any requests for time extensions will be granted at the discretion of the Board <br />of County Commissioners and must be submitted at least six months prior to the deadline date. <br />County initiated acquisitions/activities are exempt from the project completion requirement. <br />Reporting Requirements: Bond fund recipients will be required to submit status reports to the <br />County. (See Attachment 2). <br />Leveraging Requirements: Projects that do not leverage other financial resources will not be <br />funded. Examples of other available resources include: the Community Development Block <br />Grant (CDBG) Program, HOME Investment Partnerships Program, NC Housing Finance Agency <br />Programs, as well as local general fund contributions, private bank financing, equity <br />contributions from the end-user and/or the developer, and philanthropic funds. <br />Long Term Affordability Requirements: All projects must meet the County's Long-Term <br />Housing Affordability Policy. See Attachment 3. <br />
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