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Exhibit B <br /> HABITAT FOR HUMANITY OF ORANGE COUNTY <br /> Budget For Phoenix Place, Fairview Community, and Tinnin Woods <br /> Second Mortgage Program <br /> And Construction of 15 Homes <br /> Proposed Uses of Funds <br /> Construction of 15 homes <br /> (See attached budget) $1,306,045 <br /> Proposed Sources of Funds <br /> Home Construction <br /> Habitat for Humanity Fundraising <br /> Habitat for Humanity Partnerships (15 @ $50,000 each) 750,000 <br /> NCHFA grants-System Vision(10 homes) 50,000 <br /> Orange County-reimbursement for impact fees 130,735 <br /> Orange County HOME Funds 285,000 <br /> Habitat for Humanity Program Income from mortgage payments 90,310 <br /> Total Sources of Funds $1,306,045 <br /> Source of Funds - HOME Program <br /> Orange County $285,000 <br /> Habitat may not request disbursement of funds under this Agreement until the funds are needed <br /> for payment of eligible costs. The amount of each request must be limited to eligible costs as <br /> determined by the County's Housing, Human Rights and Community Development Department <br /> ("OCHHRCD"). <br /> Funds may be shifted between line items of the Project without prior approval of the County only <br /> to the extent of"Minor Adjustments," defined as actions which do not result in a change in the <br /> Project and so long as such Minor Adjustments do not exceed ten percent (10%) of the line item <br /> total from which the funds are being removed or to which the funds are being added, there is no <br /> increase to the Total Renovation Cost specified in the above budget, and there are only minor <br /> changes to the Plans and Specifications. <br /> 13 <br />