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RES-2015-045 Mark-up Version Attachment 4 7 <br /> RESOLUTION AUTHORIZING <br /> THE ORANGE COUNTY FY 2015-2016 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 2015—2016 HOME Program. <br /> Homeownership Assistance <br /> Funds would be allocated to Orange County Habitat for Humanity to provide deferred payment zero <br /> interest second mortgages for eleven (11)homes throughout Orange County. Homes will be sold to <br /> households earning between 30 percent and 65 percent of the area median income,which is the "initial <br /> eligibility requirement". Homes may be sold to households earning up to 80 percent of the area median <br /> income when household income exceeds 65% of the area median income due to a wage increase during <br /> the construction period and prior to closing on the property. <br /> (Requested amount: $270,000) $100,455 <br /> New Construction <br /> Funds would be allocated to the Downtown Housing Improvement Corporation, Inc. (DHIC) to support <br /> the new construction of 80 apartment homes for households at less than 60% AMI on Legion Road in <br /> Chapel Hill. Greenfield Place will have a mix of one,two and three bedroom units along with a <br /> community building and other amenities. <br /> (Requested amount: $300,000) $154,500 <br /> Acquisition <br /> Funds would be allocated to EmPOWERment, Inc., for the acquisition of a single family property for <br /> lease to households earning 80% or less AMI. <br /> (Requested amount: $60,000) $30,000 <br /> Housine Rehabilitation <br /> Funds would be allocated to EmPOWERment, Inc., for rehabilitation of a single family property for lease <br /> to veteran households earning 80% or less AMI. <br /> (Requested amount: $46,500) $46,500 <br /> Tenant Based Rental Assistance <br /> Funds would be provided to Housing for New Hope to support homeless outreach and increase housing <br /> support that assist the homeless of Orange County acquire permanent housing. <br /> (Requested amount: $50,000) $50,000 <br /> Proeram Administration $ 31,183 <br /> TOTAL FY 2015-2016 HOME PROGRAM FUNDS $412,638 <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 September 2015 <br /> Earl McKee, Chair <br /> SEAL <br />