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8 <br /> O Example Projects — New Construction <br /> • DHIC - Greenfield Place, Chapel Hill <br /> o Town contributed 9 acres with assessed value of$2 million <br /> o Low Income Housing Tax Credit Equity <br /> o DHIC Loan - $300,000 <br /> o Rental Production Program - $1.0 million loan <br /> o HOME loan - $154,000 <br /> Chair McKee clarified that the DHIC project was a Chapel Hill project, to which the <br /> County contributed and asked if the County were to execute a similar project, would the <br /> County absorb all the cost. <br /> Travis Myren said The Town of Chapel Hill contributed land and was able to access <br /> other funding sources to make up the difference. <br /> Audrey Spencer Horsley, Housing, Human Rights and Community Development <br /> Director, said tax credits were worth approximately $7.4 million. <br /> Chair McKee asked if the County would pursue the private market to put up money in <br /> order to acquire a tax credit, such as was done in the Eno Haven project. <br /> Audrey Spencer Horsley said yes. <br /> Travis Myren resumed the presentation. <br /> O Example Projects — New Construction <br /> • Habitat for Humanity: Tinnin Woods, Efland <br /> 9 out of 28 homes complete —2015 <br /> • Orange County also provided $125,278 in homeownership assistance <br /> Commissioner Price said the cost to the County is more in the Efland project than in <br /> Chapel Hill, and asked if that is because Chapel Hill is giving land and has other partners. <br /> Travis Myren said yes. <br /> Commissioner Price asked if Orange County is putting in more money because of the <br /> impact fee reimbursement. <br /> Travis Myren said yes. He resumed the presentation: <br /> O Example Projects — New Construction <br /> • Habitat for Humanity: Phoenix Place, Chapel Hill, 2014 <br /> • Orange County provided home ownership assistance to property owners <br /> ($885,455) and impact fee reimbursement <br /> O Example Projects —Acquisition <br /> • EmPOWERment , Inc <br /> o 2 BDR, 1 BA in the Northside Community in Chapel Hill <br /> o October 2014 <br /> o Acquisition and Rehabilitation - Duplex in Carrboro, May and August 2013 <br /> O Special Needs —250 units <br /> • Target populations <br /> o Residents with disabilities <br /> o Older adults/Seniors <br /> o Residents experiencing homelessness <br /> o Victims of domestic violence <br />