Agenda - 06-06-1994 - VIII-A - Laserfiche WebLink

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Housing and Community Development/Section 8 At their March 15, 1994 meeting, the Board of Commissioners approved a program agreement accepting a Community Development Block Grant in the amount of$250,000 for the public facilities improvements associated with Magnolia Place. This subdivision is being developed by a joint venture of Orange County Community Housing Corporation and Development Resources, Inc. to provide homeownership opportunities for first-time homebuyers. The attached grant project ordinance for Community Development -Magnolia Place includes $40,000 for waste facilities, $63,500 for street improvements, $22,750 for storm sewer, $69,800 for street improvements, $51,000 for water improvements and $2,950 for administration. The U.S. Department of Housing and Urban Development has approved $51,158 in additional funds for the Section 8 Voucher Program. The attached grant project ordinance for Section 8 Block Grant Program includes $47,607 for rental assistance and $3,551 for administrative operating costs. Recommendation The Manager recommends that the Board of County Commissioners adopt the proposed budget ordinance amendment and proposed grant project ordinances.