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fE&2014 -030 <br />RESOLUTION AUTHORIZING <br />THE ORANGE COUNTY FY 2014 -2015 HOME PROGRAM DESIGN <br />BE IT RESOLVED, by the Orange County Board of Commissioners as a member of the Orange <br />County HOME Consortium approves the following activities for the 2014 — 2015 HOME Program. <br />Homeownership Assistance <br />Funds would be allocated to the Community Home Trust to assist first time homebuyers earning less than <br />80 percent of the area median income to purchase homes county -wide. Funds would be provided as a <br />grant to Community Home Trust. <br />(Requested amount: $50,000) $52,731 <br />Funds would be allocated to the Community Home Trust for new construction costs for townhomes to be <br />built to assist first time homebuyers earning less than 80 percent of the area median income to purchase <br />homes in the Waterstone Development. <br />(Requested amount: $100,000) $64,481 <br />Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment zero interest <br />second mortgages for ten (10) homes throughout Orange County. Homes will be sold to households <br />earning between 30 percent and 65 percent of the area median income. <br />(Requested amount: $250,000) $250,OOC <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) $11,777 <br />Funds would be allocated to the Community Alternatives for Supportive Abodes for administrative <br />expenses. <br />(Requested amount: $25, 000) $ 5,800 <br />Housine Rehabilitation <br />Funds would be allocated to Weaver Community Housing Association for repairs to replace siding for six <br />(6) units in Cedar Rock Apartments. <br />(Requested amount: $30,374) $30,374 <br />Program Administration <br />TOTAL FY 2014 -2015 HOME PROGRAM FUNDS <br />$ 35,154 <br />$450,317 <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 such <br />additional information as may be required by the U.S. Department of Housing and Urban Development <br />This the day of May 2014 <br />Barry Jacobs, Chair <br />SEAL <br />