Orange County NC Website
42 <br />:Affordable Housing Advisory Board (AHAB) <br />Board/Commission Name <br />2012 calendar year for annual report; 2013 calendar year for wor <br />Report period: <br />Commitment Commitment Remaining <br />DateAmountFunds <br />Project NameSponsorExpenditures <br />Completed Non-Landbanking Projects <br />Rental Property Acquisition <br />Chrysalis Foundation6/17/2003$260,000$260,000 <br />Orange County, NC <br />Rental Property Acquisition Weaver Comm Housing Assoc6/17/2003$220,000$220,000 <br />Carrboro, NC <br />New Construction Rusch Hollow Habitat for Humanity5/20/2003$170,000$170,000 <br />Chapel Hill, NC <br />Property Acquisition - Milton Avenue <br />OCHLT5/1/2008$100,000$100,000 <br />Chapel Hill, NC <br />Property Acquisition - Rental CASA, Inc3/18/2008$632,300$632,300 <br />Chapel Hill, NCPritchard Avenue Apartments <br />New Construction - Sykes Street Project EmPOWERment, Inc5/20/2003$90,000$90,000 <br />Chapel Hill, NC <br />Rental Property Acquisition Affordable Rentals6/17/2003$272,716$272,716 <br />Orange County, NC <br />Second Mortgage Assistance - N. Fairview Habitat for Humanity5/1/2008$180,000180,000$ <br />Hillsborough, NC <br />New Construction - Rental Banks Law Firm 6/5/2008$1,000,000$1,000,000 <br />Hillsborough, NCEno Haven <br />Subtotals$2,925,0162,925,016$ <br />Completed Projects – Land Banking <br />Property Acquisition EmPOWERment, Inc11/3/2005$131,243$129,930$1,313 <br />Chapel Hill, NC <br />Property Acquisition Habitat for Humanity12/19/2005$205,000$205,000 <br />Chapel Hill, NC <br />Property Acquisition Habitat for Humanity6/26/2006$116,250$116,250 <br />Hillsborough, NC <br />Property Acquisition - N. Fairview Habitat for Humanity5/1/2008$182,000$182,000 <br />Hillsborough, NC <br />Sub-totalSubtotals$634,493$633,180$1,313 <br />Incomplete Projects <br />New Construction – Phoenix Place Habitat for Humanity4/24/2007$450,000215,095$ $234,905 <br />Chapel Hill, NC <br />Chrysalis Foundation1/15/2008$130,000$0$130,000 <br />New Construction - Rental <br />Chapel Hill, NCRusch Hollow <br />Second Mortgage Assistance Community Home Trust5/1/2008$200,000$0$200,000 <br />Orange County, NC <br />Subtotals$780,000215,095$ $564,905 <br />Total Commitments$4,339,509$3,773,291 <br />Total Commitments - Undisbursed$566,218 <br />Bond Funds Available <br />Total 2001 Housing Bonds$4,000,000 <br />Unallocated 1997 Housing Bonds$352,500 <br />TOTAL$4,352,500 <br />less Total Commitments$4,339,509 <br />Remaining Housing Bond funds$12,991 <br />Deobligation - Chrsyalis Foundation$130,000 <br />Deobligation - EmPOWERment, Inc$1,313 <br />$144,304 <br />TOTAL Remaining Housing Bond Funds <br /> <br /> <br /> <br />