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RES-aoll -~ <br />RESGLUTIGN AUTHORIZING <br />THE GRANGE CGUNTY FY 2011-2012 HGME PROGRAM DESIGN <br />BE IT RESGLVED, by the Orange County Board of Commissioners as a member of the <br />Orange County HOME Consortium approve the following activities for the 2011-2412 HOME <br />Program. <br />Homeownership .Assistance <br />Funds would be allocated to the Community Home Trust to assist frst time homebuyers earning <br />less than 80 percent of the area median income to purchase homes county-wide. Funds would <br />be provided as a grant to Community Home Trust. <br />(Requested amount: $.185, 000) ~ $185,000 <br />Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment zero <br />interest second mortgages for ten (10) homes throughout Orange County. Homes will be sold to <br />households earning between 3D percent and 65 percent of the area median income. <br />(Requested amount • $175, DDD~ <br />$1~5,ooa <br />~ erational Su ort <br />Funds would be allocated to the Community Home Trust as a Community Housing Development <br />Organization for administrative expenses. <br />(Requested amount: $30,OOD~ ~ $30,000 <br />Predevelopment and Acquisition <br />Funds would be provided to Orange County Habitat for Humanity for predevelopment costs and <br />acquisition costs for a nine ~9) acre tract located in Efland Cheeks Township in Orange County, <br />(requested amount: X75, OOD~ <br />$75,000 <br />New Construction <br />Funds would be allocated to Inter-Faith Council for Social Services towards construction of <br />Project Community House, a men's transitional housing facility. The facility will have the <br />capacity to serve f fty two X52) homeless men. <br />(Requested amount: X300, ODD} <br />$125,000 <br />Funds would be allocated to TBLF, LLC during construction and will remain as part of the <br />permanent financing sources for the 44-unit rental apartment complex serving families earning <br />less than 80 percent of the area median income. <br />Requested amount: ,467, 664 <br />$81,335 <br />Homeless Outreach <br />Funding would be provided to Housing for New Hope to support homeless outreach and <br />increased housing support that assist the homeless of Orange County into permanent housing. <br />(Requested amount: 50, ODO} <br />$50,000 <br />Program Administration <br />$4,119 <br /> <br />TGTAL FY ZU~1-Z0~2 HGME PRGGRAM FUNDS ~ $785,454 <br />