Agenda - 04-18-2006-8a - Laserfiche WebLink

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1't3A Name: Orange County, NC streamlined Annual Plan for fiscal Year 2006 I1A Codc: NCi04 ^ Yes ® No: Will the PHA's program have eligibility criteria for participation in its Section 8 Homeownership Option program in addition to HUD criteria? If yes, list criteria: a What actions will the PHA undertake to implement the program this year (list)? Develop program guidelines 3. Capacity of the PHA to Administer a Section 8 Homeownership Program: The PHA has demonstrated its capacity to administer the program by (select all that apply): ® Establishing a minimum homeowner downpayment requirement of at least 3 percent of purchase price and requiring that at least 1 percent of the purchase price comes from the family's resources. ^ Requiring that financing for purchase of a home under its Section 8 homeownership will be provided, insured or guaranteed by the state or Federal government; comply with secondary mortgage market underwriting requirements; or comply with generally accepted private sector underwriting standards. ^ Partnering with a qualified agency or agencies to administer the prograzn (list name(s) and years of experience below): ^ Demonstrating that it bas other relevant experience (list experience below): 4. Use of the Project-Based Voucher Program Intent to Use Project-Based Assistance ® Yes ^ No: Does the PHA plan to "project-base" any tenant-based Section 8 vouchers in the coming year? If the answer is "no," go Yo the next component. If yes, answer the following questions. ® Yes ^ No: Are there circumstances indicating that the project basing of the units, rather than tenant-basing of the same amount of assistance is an appropriate option? If yes, check which circumstances apply: ^ low utilization rate for vouchers due to lack of suitable rental units ^ access to neighborhoods outside of high poverty areas ® other (describe below:) Lack of appropr°iate size units, for single disabled irrdividuals 2. Indicate the number of units and general location of units (e.g. eligible census tracts or smaller areas within eligible census tracts): Club Nova Apm-tnrents; West Main Street; Carrborq NC 27.510 Z4 units Censrr-s Tract, 107.0.3 Pagc 7 of 17 farm HUD-50075-SA (04/30/2003)