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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 4, 2017 <br /> Action Agenda <br /> Item No. 8-h <br /> SUBJECT: North Carolina Housing Finance Agency (NCHFA) — 2017 Essential Single- <br /> Family Rehabilitation Loan Pool (ESFRLP17) Award <br /> DEPARTMENT: Housing, Human Rights and <br /> Community Development <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1. Award Letter and Funding and Annette Moore, Interim Housing, Human <br /> Written Agreement for Sub- Rights and Community Development <br /> recipients Director/Staff Attorney, (919) 245- <br /> 2. Orange County Assistance Policy 2492 <br /> 3. Orange County Procurement and <br /> Disbursement Policy <br /> PURPOSE: To approve the North Carolina Housing Finance Agency Essential Single-Family <br /> Rehabilitation Loan Pool Funding and Written Agreement for Sub-recipients and adopt the <br /> Assistance, Procurement and Disbursement Policies for the 2017 Essential Single Rehabilitation <br /> Loan Pool award. <br /> BACKGROUND: On February 15, 2017 Orange County received a notice of award for the <br /> 2017 Essential Single-Family Loan Pool (ESFRLP17). As a member of the ESFRLP17, <br /> $175,000 has been set aside for Orange County in the loan pool for projects and may be <br /> reserved on a unit-by-unit basis. In accordance with ESFRLP17 Program Guidelines, Orange <br /> County may reserve funds for up to five (5) units under the original $175,000 set-aside. Funds <br /> for additional units may be reserved from the pool, depending on availability, on a unit-by-unit, <br /> first come, first served basis until December 31, 2019. <br /> Orange County's application for funding stated that match funds of $40,000 would be available <br /> to assist with the rehabilitation of the proposed housing units. The Board of County <br /> Commissioners approved $200,000 in Urgent Repairs - Rehabilitation Funds in fiscal year 2016- <br /> 2016. The $40,000 match funds will come from the Urgent Repairs -Rehabilitation funds. <br /> One requirement of the program is the completion of the Post Approval Documentation and the <br /> return of this documentation to NCHFA by April 30, 2017. Documentation includes the adoption <br /> of the Assistance Policy, Procurement Policy and Disbursement Policy by the Board of County <br /> Commissioners. These policies outline the details of the bid solicitation and payment processes. <br /> All referenced policies have been drafted and are attached for review and approval. <br />