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t a• ' <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS ACTION AGENDA <br /> ACTION AGENDA ITEM ABSTRACT ITEM NO. J-S <br /> MEETING DATE September 22, 1987 <br /> SUBJECT: Rental Rehabilitation Agreement <br /> 043 <br /> **********************************************************desk*********** <br /> DEPARTMENT: HOUSING/COMMUNITY DEVELOPMENT PUBLIC HEARING YES X NO <br /> ************************************************************************** <br /> ATTACHMENT(S) : INFORMATION CONTACT: TARA FIXES <br /> Memorandum of Understanding - 1985 EXT 425 <br /> Memorandum of Understanding - 1986 PHONE NUMBERS: HILLSBOROUGH 732-8181 <br /> HILLSBOROUGH 732-9361 <br /> CHAPEL HILL 967-9251 <br /> MEBANE 227-2031 <br /> *****************************************************UR*I********************* <br /> PURPOSE: To execute a FY1986 Memorandum of Understanding for the Rental <br /> Rehabilitation Program with the Town of Chapel Hill. <br /> BACKGROUND: The Town of Chapel has been administering the Rental Rehab Program <br /> (RRP) in Chapel Hill since 1985. At that time a Memorandum of <br /> Understanding was executed between the Town of Chapel Hill, the <br /> Orange County Housing and Community Development Department as the <br /> local Public Housing Authority (PHA) and the North Carolina Housing <br /> Finance Agency. (See Attached) At that time the Town was awarded <br /> $75,000 in Rental Rehab grant funds to provide matching rehabilitation <br /> funds for rental property owners. <br /> Presently, the Town of Chapel Hill has expended all Rental Rehab grant <br /> funds and has requested an additional $7,000 from the N.C. Housing <br /> Finance Agency (NCHFA) in order to complete two remaining units. <br /> N.C. Housing Finance Agency has approved this request for additional <br /> grant fLhds,however,since these funds are a part of the state's FY86 <br /> grant a FY86 Memorandum of Understanding must be executed. Although <br /> additional funds are being granted, no new Section 8 vouchers will <br /> be allocated to Orange County. Therefore, execution of this Memorandum <br /> will represent the County's commitment to continue to support the RRP to <br /> the extent of availability of previously received and unused Section 8 <br /> vouchers. <br /> This document has been forwarded to all required Orange County officials <br /> for review. <br /> RECOMMENDATION: <br /> Approve the execution of the FY86 Memorandum of Understanding and <br /> authorize the Chair to sign oibehalf of the Board. <br />