Agenda - 06-03-1996 - VIII-I - Laserfiche WebLink

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1 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda Item No ACTION AGENDA ITEM ABSTRACT Meeting Date: June 3, 1996 SUBJECT: 1996 HOME Program Design Revision --------------------------------------------------------------------------- DEPARTMENT: Housing/Comm.Development PUBLIC HEARING YES NO x_ Budget Amendment YES NO x --------------------------------------------------------------------------- ATTACHMENT(S) : INFORMATION CONTACT Revised HOME Program Design Tara L. Fikes, 2490 Resolution TELEPHONE NUMBER Hillsborough 732-8181 Chapel Hill 968-4501 Mebane 227-2031 Durham 688-7331 ----------------------------------------------------------------------- PURPOSE: To adopt a resolution approving the revised HOME Program Design for 1996-97. BACKGROUND: On May 14, 1996, the Board approved a HOME Program Design for 1996-97 based on the same funding level as last year, $612,500. At that time, the County had not received official notification of our 1996-97 allocation. Since that time, we have been informed that our 1996-97 allocation is $386, 000. With the 25% match requirement, approximately $482, 500 will be available in HOME Program funds. This is a reduction of $130, 000 in available funding, therefore, proposed programs must be adjusted to fit the actual HUD allocation. The Orange County HOME Council has met and developed a revised HOME Program Design based on the actual HUD allocation. In accordance with the Orange County HOME Consortium Agreement dated August 27, 1992 as amended, the HOME Program Design for each year must be approved by all jurisdictions prior to submission to HUD. Carrboro is scheduled to consider approval of the revised HOME Program Design on June 4 and Chapel Hill on May 29. Hillsborough approved the revised program design on May 21, 1996. RECOb1MENDATION: The Manager recommends adopting a resolution approving the revised HOME Program Design for 1996-97.