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Ig <br />Proposed ~-ctaveties,and Proposes! 9'rojeci~s_ __ <br />2007 - 2008 HOME Program Activities and Projects <br />1. Second Mortaaae Assistance: $290,000 <br />Funds will be allocated to the following agencies for second mortgage assistance: <br />• $250,000 to Habitat for Humanity to provide second mortgages to twelve first time <br />homebuyers earning less than 80% of the area median income. <br />• $140,000 to the Orange Community Housing and Land Trust for homebuyer assistance <br />to two first time homebuyers earning less than 80% of median income. <br />2. New Construction -Rental Housinct : $300,000 <br />• $300,000 will be allocated to Orange Community Housing and Land Trust to support a <br />Low-Income Housing Tax Credit rental housing application in the Winmore development <br />in Carrboro. Units would be available for tenants earning less than 60% of the area <br />median income. <br />3. Operational Support: $30,000 <br />$30,000 will be allocated to Orange Community Housing and Land Trust for administrative <br />expenses related to its HOME Program funded projects. As a designated Community Housing <br />Development Organization for the HOME Program, the Land Trust is eligible to receive funds for <br />administration of a housing program. <br />4. Administration: $66,122 <br />The remaining $66,566 would be allocated to the Orange County Housing and Community <br />Development Department for administration of the HOME program. <br />Community Development Bloclc Grant Activities and Projects <br />1. Renovation of Public Housing: $197,000 <br />• Renovation of Public Housing: $165,000 <br />Funds would be used along with Public Housing Capital Grant funds and previously allocated <br />Community Development funds to renovate the South Roberson Street public housing <br />community. The proposed renovation would include seven (7) of the fifteen (15) apartments in <br />the development. Funds would also be used to pay a portion of the Operations and Special <br />Projects Coordinator's salary for oversight of the renovation project. <br />Proposed renovation work would include the abatement of lead-based paint and asbestos, <br />replacement of water and sewer lines to OWASA standards, installation of new washer and <br />dryer hook-ups, replacement of wall and base cabinets and countertops to include new range <br />hoods and sinks, replacement of interior and exterior doors, replacement of furnaces including <br />c13~ <br />