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PHA Name: Orange County, NC Streamlined Annual Plan for Fiscal Year 2006 <br />HA Code: NC104 <br />^ Yes ®No: Will the PHA's program have eligibility criteria for participation in its <br />Section 8 Homeownership Option program in addition to HUD criteria? <br />If yes, list criteria: <br />c. What actions will the PHA undertake to implement the program this year (list)? <br />Develop program guidelines <br />3. Capacity of the PHA to Administer a Section 8 Homeownership Program: <br />The PHA has demonstrated its capacity to administer the program by (select all that apply): <br />® Establishing'a minimum homeowner downpayment requirement of at least 3 percent of <br />purchase price and requiring that at least 1 percent of the purchase price comes from the <br />family's resources. <br />^ Requiring that financing for purchase of a home under its Section 8 homeownership will <br />be provided, insured or guaranteed by the state or Federal government; comply with <br />secondary mortgage market underwriting requirements; or comply with generally <br />accepted private sector underwriting standards. <br />^ Partnering with a qualified agency or agencies to administer the program (list name(s) <br />and years of experience below): <br />^ Demonstrating that it has other relevant experience (list experience below): <br />4. Use of the Project-Based Voucher PrOgraffi <br />Intent to Use Project-Based Assistance <br />® Yes ~ No: Does the PHA plan to "project-base" any tenant-based Section 8 vouchers in <br />the coming year? If the .answer is "no," go to the next component. If yes, answer the following <br />questions. <br />1. ®Yes ^ No: Are there circumstances indicating that the project basing of the units, <br />rather than tenant-basing of the same amount of assistance is an appropriate option? If <br />yes, check which circumstances apply: ~ . <br />^ low utilization rate for vouchers due to lack of suitable rental units <br />^ access to neighborhoods outside of high poverty areas <br />® other (describe below:) . <br />Lack of appropriate size units for single disabled individuals <br />2. Indicate the number of units and general location of units (e.g. eligible census tracts or <br />smaller areas within eligible census tracts): . <br />Club Nova Apartments; West Main Street; Carrboro, NC 27510 24 units <br />Census Tract: 107.03 <br />Page 7 of l6 form HUD-50075-SA (04/30/2003) <br />