Orange County NC Website
2 <br /> Street) and will be purchasing additional homes in the neighborhood. The cost to rehabilitate <br /> these units has increased requiring the need for additional outside funding. <br /> FINANCIAL IMPACT: No negative financial impact is associated with the approval of the <br /> amendment. Broadening the eligible uses of the remaining $60,000 would allow for additional <br /> homeowners to be assisted and the timely expenditure of funds. Any funds not expended by <br /> June 30, 2019 will revert to the County for other eligible affordable housing activities. <br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are applicable <br /> to this agenda item: <br /> • GOAL: FOSTER A COMMUNITY CULTURE THAT REJECTS OPPRESSION AND <br /> INEQUITY <br /> The fair treatment and meaningful involvement of all people regardless of race or color; <br /> religious or philosophical beliefs; sex, gender or sexual orientation; national origin or <br /> ethnic background; age; military service; disability; and familial, residential or economic <br /> status. <br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY <br /> The creation and preservation of infrastructure, policies, programs and funding necessary <br /> for residents to provide shelter, food, clothing and medical care for themselves and their <br /> dependents. <br /> The preservation and creation of affordable housing options help to meet a basic need and <br /> advances economic self-sufficiency. <br /> • GOAL: CREATE A SAFE COMMUNITY <br /> The reduction of risks from vehicle/traffic accidents, childhood and senior injuries, gang <br /> activity, substance abuse and domestic violence. <br /> RECOMMENDATION(S): The Manager recommends that the Board approve and authorize the <br /> Manager to sign the requested second amendment (Attachment 3) of Community Home Trust's <br /> Affordable Housing Bond Development Agreement. <br />