Orange County NC Website
Browse       Search
Exhibit C <br /> Prepared by: Annette Moore,Esquire,Orange County Staff Attorney,P.O. Box 8181,Hillsborough,NC 27278 <br /> After recording return to: Annette Moore,Esquire,Orange County Staff Attorney,P.O. Box 8181,Hillsborough, <br /> NC 27278 <br /> DECLARATION OF RESTRICTIVE COVENANTS <br /> THIS DECLARATION OF RESTRICTIVE COVENANTS (hereinafter referred to as <br /> "Declaration"), dated , by the Inter-Faith Council for Social Services, Inc. <br /> for itself and its successors and assigns (hereinafter referred to as "Sublessee"or"IFC"), is given <br /> as a condition precedent to the award of Orange County HOME Partnership funds. <br /> RECITALS: <br /> WHEREAS, the Orange County HOME Consortium has designated approximately <br /> $500,000 in HOME funds to assist in the construction of a transitional living facility for <br /> homeless men with 50 plus beds known as Community House Men's Transitional Housing <br /> Facility in Chapel Hill; and <br /> WHEREAS, the County is the lead entity of the Orange County HOME Consortium, so <br /> designated in an agreement dated July 1, 2011 and as such is the lead entity in a representative <br /> capacity for all members of the Orange HOME Consortium for the purposes of carrying out the <br /> HOME Program in accordance with the Title 11 of the Cranston-Gonzalez National Affordable <br /> Housing Act (Pub. L. 101-625), (42 U.S.C. 3535(d) et. seq.) (hereinafter referred to as the <br /> "Act"), and as further defined in the Federal Program Requirements provided by the U.S. <br /> Department of Housing and Urban Development; and <br /> WHEREAS, the Community House Men's Transitional Housing Facility (hereinafter <br /> referred to as "the Project"), a new 50 plus bed facility for homeless men individuals owned by <br /> IFC, serving 50+ low income individuals earning less than 50% of the Area Median Income and <br /> which will remain affordable for low income families throughout the term of the 99 year period <br /> of affordability; and <br /> WHEREAS, the Community House Transitional Housing Facility will be located at <br /> 1315 Martin Luther King, Jr. Blvd. in Chapel Hill, NC on property as more particularly <br /> described in EXHIBIT A (hereinafter referred to as "the Property"); and <br /> 15 <br />