Agenda - 07-05-1988 - Laserfiche WebLink

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024 ORANGE COUNTY BOARD OF COMMISSIONERS Action Agenda • Item No._jka_ ACTION AGENDA ITEM ABSTRACT • Meeting Date: July 5 , 1988 SUBJECT: North Carolina Housing Trust Fund - Incentive Program DEPARTMENT: Housing/Community Dev. PUBLIC HEARING YES: NO: X ATTACHMENT(S) : Application INFORMATION CONTACT: Tara L. Fikes TELEPHONE NUMBER- Hillsborough - 732-8181 • Chapel Hill - 968-4501 Mebane - 227-2031 Durham - 688-7331 PURPOSE: To authorize submission of an Energy Conservation and Housing Rehabilitation Incentive Program application to the North Carolina Housing Finance Agency. BACKGROUND: The North Carolina Housing Trust Fund was created by the General Assembly in 1987 to increase the supply of decent affordable housing for very low-income and low and moderate income residents of the state. The North Carolina Housing • Partnership was created within the N.C. Housing Finance Agency (NCHFA) to help coordinate these efforts. In June 1988, the NCHFA announced the first program utilizing the Trust FUnd monies. This program, the Energy Conservation and Housing Rehabilitation Program, is designed to provide applicants with funding for energy conservation improvements for housing occupied by low and moderate income families. The program has two components: 1 . Comprehensive Housing Rehabilitation ($3 million available statewide) ; and 2 . Energy Conservation ($1 million available statewide) . The Maximum award per applicant is $200 , 000. The Housing and Community Development Department has prepared an application for funds to establish a weatherization program in the County. This program will provide energy conservation improvements in housing occupied by low and moderate income persons. Applications are due Monday, July le, 1988. RECOMMENDATION(S) : Approve the submission of an Energy Conservation and Housing Rehabilitation Incentive Grant Application to the N.C_ Housing Finance Agency and authorize the Chair to sign the application on • behalf of the Board.