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se <br /> 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) $140,000 <br /> Tenant Based Rental Assistance <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 $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 7th day of May 2013. <br /> Barry Jacob h <br />