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<br />ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br /> <br />ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 5, 2018 <br /> Action Agenda <br /> Item No. 5-e <br /> <br />SUBJECT: Orange County Consolidated Plan – Revised Annual Action Plan Update and <br />Proposed Uses of the FY 2018-2019 HOME Funds <br /> <br />DEPARTMENT: Housing and Community <br />Development <br /> <br /> <br /> <br />ATTACHMENT(S): <br />1) Executive Summary of the FY 2015- <br />2019 Consolidated Plan <br />2) FY 2018-2019 Revised Proposed <br />HOME Projects Summary Sheet <br />3) Revised Annual Action Plan Timeline <br />for FY 2018-2019 <br /> <br /> <br />INFORMATION CONTACT: <br />Sherrill Hampton, Housing and <br />Community Development Director, <br />(919) 245-2490 <br /> <br /> <br /> <br /> <br /> <br />PURPOSE: To receive input from the public regarding the revised proposed Annual Action Plan <br />and update of the FY 2015-2019 Consolidated Plan for Housing and Community Development <br />Programs in Orange County, as well as the revised proposed uses of FY 2018-2019 HOME <br />funds. <br /> <br />BACKGROUND: Orange County completed the required notice and public hearing process <br />earlier and the Board of County Commissioners approved, by resolution, the FY 2018-2019 <br />Annual Action Update and proposed uses of funds on May 1, 2018. However, HUD allocated a <br />funding increase of $111,647 from the anticipated HOME budget advertised on March 13, 2018 <br />and discussed at the Board’s public hearing held on April 3, 2018. Due to the substantial <br />increase in funding, the County is holding another public hearing on the use of the additional <br />funds, and staff will present the revised budget and proposed use of funds to the Board of <br />County Commissioners for final approval at the Board’s June 19, 2018 meeting. <br /> <br />The public hearing provides an opportunity for the public, public agencies and other interested <br />parties to provide input as it relates to the revised annual update of the Consolidated Plan and <br />proposed Annual Action Plan. In addition, the public is asked to comment on the revised <br />proposed use of FY 2018-2019 Program Year funds. The Orange County HOME Consortium, <br />known as the Orange County Local Government Affordable Housing Collaborative, anticipates <br />the following Federal financial resources: <br /> <br />FY 2018 HOME Funds $401,340.00 <br />HOME Program Income $ 13,306.00 <br />HOME Match $ 90,302.00 <br />Total $504,948.00 <br /> <br />1