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RES- 2013 -038 <br />RESOLUTION AUTHORIZING <br />THE ORANGE COUNTY FY 2013 - 2014 HOME PROGRAM DESIGN <br />BE IT RESOLVED, by the Orange County Board of Commissioners as a member of the <br />Orange County HOME Consortium approves the following activities for the 2013 - 2014 HOME <br />Program. <br />Homeownership Assistance <br />Funds would be allocated to the Community Home Trust to assist first 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: $60, 000) $ 60,000 <br />Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment <br />zero interest second mortgages for ten (10) homes throughout Orange County. Homes will be <br />sold to households earning between 30 percent and 65 percent of the area median income. <br />(Requested amount: $300,000) $300,000 <br />Operational Support <br />Funds would be allocated to the Community Home Trust as a Community Housing Development <br />Organization for administrative expenses. <br />(Requested amount: $20, 000) $20,000 <br />Predevelopment and Acquisition <br />Funds would be provided to EmPOWERment, Inc. for acquisition and rehab of one condo unit in <br />Collins Crossings in Carrboro for lease to households earning less than 50% of area median <br />income. <br />(Requested amount: $45,000) $45,000 <br />Funds would be provided to EmPOWERment, Inc. for the acquisition of a duplex unit in Chapel <br />Hill for lease to households earning less than 50% of area median income. <br />(Requested amount: $140,000) <br />Tenant Based Rental Assistance <br />$140,000 <br />Funds would be provided to Housing for New Hope Inter- Church Council to support homeless <br />outreach and increased housing support that assist the homeless of Orange County acquire <br />permanent housing. <br />(Requested amount: $50, 000) $52,010 <br />Program Administration <br />$36,431 <br />TOTAL FY 2012 -2013 HOME PROGRAM FUNDS $653,441 <br />BE IT FURTHER RESOLVED, that the County Manager is hereby designated as the authorized <br />representative of the County to act in connection with the submission of this plan and to provide <br />such additional information as may be required by the U.S. Department of Housing and Urban <br />Development <br />This the 71' day of May 2013. <br />Barry Jacobs, Chair <br />