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RES-2018-033 <br />RESOLUTION AUTHORIZING <br />THE ORANGE COUNTY HOME <br />COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) <br />SET-ASIDE AWARD <br /> <br />BE IT RESOLVED, the Orange County Board of Commissioners, as a member of the Orange <br />County HOME Consortium, approves the following CHDO Set-Aside activity as it relates to the <br />remaining FY 2016 project funds and FY 2013 operating funds: <br /> <br />Homeownership Assistance <br />Funds will be allocated to the Community Home Trust (CHT) to provide first-time homebuyer <br />financial assistance for up to five (5) homebuyers earning less than 80% of the Area Median <br />Income. Funds will also be used to defray CHT’s operating expenses as it relates to the sale of <br />the units. <br />(Requested amount: $63,200.30) $63,200.30 <br /> <br />BE IT FURTHER RESOLVED, that the County Manager is hereby authorized to execute the <br />agreement with Community Home Trust (CHT) after consultation with the County Attorney. <br /> <br />This is the 5th day of June, 2018 <br />_________________________________ <br />Mark Dorosin, Chair <br />Orange County Board of Commissioners <br />SEAL <br /> <br />3