Orange County NC Website
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10 <br /> 1 • Habitat for Humanity of Orange County (Hillsborough-Waterstone) <br /> 2 o 24 Townhomes for residents 55 and older <br /> 3 • 12 units targeting 31% to 50% Area Median Income <br /> 4 • 8 units targeting 51% to 60% Area Median Income <br /> 5 • 4 units targeting 61% to 80% Area Median Income <br /> 6 o Project Cost - $2,568,500 <br /> 7 • County grant - $925,000 <br /> 8 • 36% County funds/64% leveraged from other sources <br /> 9 • County investment per unit - $38,542 <br /> 10 • CASA— Merritt Mill West (Carrboro) <br /> 11 o 16 Rental Apartments <br /> 12 • Priority for homeless residents and residents with disabilities <br /> 13 • Some units reserved for veterans <br /> 14 • 12 units targeting incomes under 30% Area Median Income <br /> 15 • 4 units targeting incomes under 50% Area Median Income <br /> 16 o Project Cost - $2,213,450 <br /> 17 • County grant - $746,500 <br /> 18 • 34% County grant funds/66% leveraged from other sources <br /> 19 • County investment per unit - $46,656 <br /> 20 • CASA— Merritt Mill East (Chapel Hill) <br /> 21 o 12 Rental Apartments <br /> 22 • Priority for homeless residents and residents with disabilities <br /> 23 • 8 units targeting incomes under 30% Area Median Income <br /> 24 • 4 targeting incomes under 50% Area Median Income <br /> 25 o Project Cost - $1,808,025 <br /> 26 • County grant - $646,200 <br /> 27 • 35% County grant funds/65% leveraged from other sources <br /> 28 • County investment per unit - $53,850 <br /> 29 • EmPOWERment— 116 Cole Street (Chapel Hill) <br /> 30 o 1 —Three Bedroom Existing Home for Rental <br /> 31 • Targeting incomes between 30% and 50% Area Median Income <br /> 32 o Project Cost - $211,300 <br /> 33 • County grant - $211,300 <br /> 34 • 100% County grant funds <br /> 35 • County investment per unit - $211,300 <br /> 36 • EmPOWERment— 606 Bynum Street (Chapel Hill) <br /> 37 o 2 Existing Homes for Rental <br /> 38 • One three bedroom home <br /> 39 • One two bedroom home <br /> 40 • Targeting incomes between 30% and 50% Area Median Income <br /> 41 o Project Cost - $264,400 <br /> 42 • County grant - $264,400 <br /> 43 • Funded using other Affordable Housing Funds in CIP <br /> 44 • 100% County grant funds <br /> 45 • County investment per unit - $132,200 <br /> 46 <br /> 47 Scoring Criteria and Evaluation <br /> 48 • Income Targeting and Special Needs —45 Points <br /> 49 o All projects serve lower income households <br />