Agenda - 01-15-2008-4q - Laserfiche WebLink

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ORANGE COUNTY BOARD OF COMMISSIONERS ACTION AGENDA ITEM ABSTRACT Meeting Date: January 15, 2008 Action Agenda Item No. _ ~~~ SUBJECT: Award of Housing Bond Funds to Chrysalis Foundation DEPARTMENT: Housing/Community Dev. PUBLIC HEARING: (YIN) No ATTACHMENT(S): Site Map Apartment Layouts INFORMATION CONTACT: Tara L. Fikes, 245-2490 PURPOSE: To consider awarding housing bond funds in the amount of $130,000 to the Chrysalis Foundation to assist with construction costs for the Rusch Hollow Apartments and authorize the Manager in consultation with the County Attorney to enter into a Development Agreement. BACKGROUND: An application for Housing Bond funds was received from Chrysalis Foundation for Mental Health requesting $130,000 for assistance with the construction costs associated with the construction of the Rusch Hollow Apartments. Busch Hollow Apartments consist of a duplex and triplex with two one-bedroom and three two-bedroom units respectively in the existing Busch Hollow subdivision in the Rogers Road community. The units will serve low-income persons with disabilities. The majority of the funding for this complex is being provided by the N.C. Housing Finance Agency through the Housing 400 Initiative. This is a new program created by the NC General Assembly to increase the supply of "independent and supportive living apartments for persons with disabilities". Chrysalis has been awarded $570,167 from this program and the requested $130,000 in housing bond funds will supplement the construction efforts. Attached to this abstract is a map of the location of the property within the subdivision and a blueprint of the apartments. This property is in the Chapel Hill planning jurisdiction and a building permit application is pending with the Town. Plans include the provision of public water and sewer provided by the Orange Water and Sewer Authority. Additionally, this neighborhood is in an area that the Town of Chapel Hill has targeted for a Small Area Plan currently under development. As required by the Orange County Housing Bond Policy, the Project Review and Selection (PBS) Committee held apre-application conference with staff from Habitat to discuss the proposed application, reviewed the submitted application, and then met with the organization to discuss the committee's funding recommendation. Members of the Project Review and Selection Committee include: County Staff Members Gwen Harvey, Paul Thames, Craig Benedict, Perdita Holtz, and Tara Fikes; Commissioners Valerie Foushee and Barry Jacobs;