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Agenda - 05-05-2016 - 6-b - Approval of 2016 - 2017 HOME Program Design for Consolidated Plan – Annual Action Plan Update
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Agenda - 05-05-2016 - 6-b - Approval of 2016 - 2017 HOME Program Design for Consolidated Plan – Annual Action Plan Update
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4/29/2016 9:12:18 AM
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BOCC
Date
5/5/2016
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6b
Document Relationships
Minutes 05-05-2016
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2010's\2016
RES-2016-038 Resolution Authorizing the Orange County FY 2016-2017 Home Program Design
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2016
RES-2016-039 Resolution Authorizing the Submission of FY 2016-2017 Annual Action Plan for the FY 2015-2020 Consolidated Plan for Orange County, NC
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2010-2019\2016
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35 <br /> Expected Resources <br /> AP-15 Expected Resources - 91.420(b), 91.220(c)(1,2) <br /> Introduction <br /> The Orange County HOME Consortium is receiving$308,538 from HOME funds for the FFY 2016 program year.This is a reduction from $311,832 <br /> in FFY 2015, $351,540 in FFY 2014, and a substantial reduction from$728,277 in FFY 2010, the start of the previous five-year planning period.The <br /> program year goes from July 1, 2016 through June 31, 2017. <br /> Anticipated Resources <br /> Expected Amount Available Year 1 Expected <br /> Amount <br /> Program Source of Uses of Funds Annual Program Prior Year Total: Available Narrative Description <br /> Funds Allocation: Income:$ Resources: $ Reminder of <br /> $ $ ConPlan <br /> Homebuyer <br /> 4 projects/activities <br /> public- assistance <br /> HOME $308,538 $38,069 $64,481 $411,088 $930,476 were funded based on <br /> federal Homeowner <br /> rehab the HOME allocation. <br /> Table 1-Expected Resources—Priority Table <br /> Explain how federal funds will leverage those additional resources (private, state and local funds), including a description of how <br /> matching requirements will be satisfied <br /> The Orange County HOME Consortium will leverage additional funds from a variety of sources to address the needs identified in this plan. Orange <br /> County is the recipient of the North Carolina Housing Finance Agency Single-Family Rehabilitation Loan Pool (SFRLP)funds. Each recipient of SFRLP <br /> funds is awarded $170,000 to conduct financially-feasible, moderate rehabilitation to households that are below 80%AMI. <br /> Annual Action Plan 26 <br /> OMB Control No:2506-0117(exp.07/31/2015) <br />
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