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2012-138 Housing - Habitat for Humanity $75,000
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2012-138 Housing - Habitat for Humanity $75,000
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6/25/2012 12:12:30 PM
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6/25/2012 12:12:26 PM
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Date
6/22/2012
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Work Session
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Agreement
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2012-138 S Housing - Habitat for Humanity 2011-HOME PROGRAM $75,000
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• <br /> Exhibit C <br /> HABITAT FOR HUMANITY OF ORANGE COUNTY <br /> Budget For Tinnin Woods <br /> Site Acquisition and Development <br /> And Construction of 5 Homes <br /> Proposed Uses of Funds <br /> Site Acquisition and Development for 28 lot subdivision <br /> $ 975,000 <br /> Construction of 5 homes @ $85,023 per home <br /> 425,115 <br /> Total Uses of Funds $1,400,115 <br /> Proposed Sources of Funds <br /> Land and Infrastructure <br /> Orange County HOME 2011-2012 funds (committed) 75,000 <br /> Orange County HOME 2012-13 funds (requested) 71,592 <br /> Orange County HOME 2013-14 funds (to be requested) 100,000 <br /> Habitat for Humanity, Orange County 350,000* <br /> Habitat for Humanity International FlexCap Loan 378,408 <br /> Total funds for land and infrastructure $ 975,000 <br /> Home Construction <br /> Habitat for Humanity Fundraising <br /> Habitat for Humanity Partnerships (5 @ $50,000 each) 250,000 <br /> NCHFA grants-System Vision 25,000 <br /> NCHFA zero interests loans 125,000 <br /> Orange County-reimbursement for impact fees <br /> (5 @$5,623.00) 28,115 <br /> Total funds for home construction $425,115 <br /> Total Sources of Funds $1,400,115 <br /> 14 <br />
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