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County Capital Projects <br />Fiscal Years 2011 -16 <br />• • <br />Project Name <br />Affordable Housing <br />Project Status <br />Recommended <br />Functional Service Area <br />Community and Environment <br />Starting Date <br />7/1/1997 <br />Department <br />Housing, Human Rights and Community <br />Development <br />Com letion Date <br />Ongoing <br />Available <br />Year 1 <br />Year 2 Year 3 <br />Year 4 Year 5 <br />Five <br />Year 6 <br />Prior Years Balances <br />Fiscal Year <br />Fiscal Year Fiscal Year <br />Fiscal Year Fiscal Year <br />Year <br />to <br />Project Budget <br />Funding 2/28/2011 <br />2011 -12 <br />2012 -13 2013 -14 <br />2014 -15 2015 -16 <br />Total <br />Year 10 <br />Appropriation <br />Professional Services <br />Construction /Repairs/Renovations <br />6,115,000 892,362 <br />200,000 <br />200,000 <br />4,000,000 <br />Equipment/Furnishings <br />Total Project Budget <br />6,115,000 892,362 <br />200,000 - - - - 200,000 <br />4,000,000 <br />General Fund Related Operating Costs <br />Personnel Services <br />Operations <br />New Debt Service <br />- <br />Total Operating Costs <br />Revenues/Funding Source <br />200,000 <br />Transfer from General Fund <br />315,000 <br />200,000 <br />4,000,000 <br />Debt Financing <br />5,800,000 892,362 <br />- - <br />200,000 <br />4,000,000 <br />Total <br />6,115,000 892,362 <br />200,000 <br />- - <br />Project Description/Justification <br />The Affordable Housing project has been primarily funded with two General Obligation Bond Referendums, In 1997 and 2001. The purpose of the project is to <br />fund low and moderate income housing in Orange County. The Board has awarded bond funds to local non - profit organizations to construct new homes, <br />rehabilitate existing substandard properties and acquire land for future housing development. Local non - profit organizations pay impact fees at the time a new <br />home is permitted. Once the home is constructed and occupied by low and moderate income residents the non - profit can request a reimbursement of paid <br />impact fees per the County's policy. On November 1, 1995, the BOCC approved a policy for impact fee reimbursement to local non - profit organizations that <br />met the established eligibility criteria. There are several potentially large refunds expected in the next few years, therefore in FY 11112, $200,000 is <br />recommended to pay future Impact fee reimbursements. <br />22 <br />