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RES-2018-049 <br />RESOLUTION AUTHORIZING <br />THE ORANGE COUNTY FY 2018-2019 REVISED HOME PROGRAM DESIGN <br /> BE IT RESOLVED, the Orange County Board of Commissioners, as a member of the <br />Orange County HOME Consortium, approves the following revised activities for the FY 2018– <br />2019 HOME Program. <br />Second Mortgage Assistance <br />Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment, <br />zero interest second mortgages for ten (10) homes throughout Orange County. Homes will be <br />sold to households earning between thirty percent (30% and sixty-five percent (65%) of the area <br />median income. <br />(Requested amount: $60,000) $60,000 <br />Homeownership Assistance <br />Funds will be allocated to the Community Home Trust (CHT) to provide homebuyer financial <br />assistance for two (2) families in the Northside and Pine Knolls Neighborhood of Chapel Hill. <br />(Requested amount: $60,000) $60,000 <br />Acquisition <br />Funds will be allocated to EmPOWERment, Inc., for the acquisition of a single family property <br />for lease to households earning 80% or less AMI. <br />(Requested amount: $145,000) $145,000 <br />Countywide Tenant Based Rental Assistance <br />Funds will be allocated to the Orange County Housing and Community Development <br />Department for assisting persons experiencing homelessness under the Rapid Re-Housing <br />Program, as well as the provision of general rental assistance County-wide for other eligible low <br />income persons. <br />(Requested amount: $150,402) $139,613 <br />CHDO Set Aside Activities <br />Funds will be set aside for eligible Community Housing Development Organizations (CHDOs) <br />as it relates to eligible project activities. The Consortium will utilize a Request for Proposal <br />(RFP) process to identify eligible projects. <br />(FY 2018-2019’s 15% set aside required by HUD) $60,201 <br />Program Administration $40,134 <br />TOTAL FY 2018-2019 REVISED HOME PROGRAM FUNDS <br /> $504,948 <br />BE IT FURTHER RESOLVED, that the County Manager is hereby designated as the authorized <br />representative of the County to act in connection with the submission of this plan and to provide <br />such additional information as may be required by the U.S. Department of Housing and Urban <br />Development. <br />This is the ___ day of ________, 2018 <br />_________________________________ <br />Mark Dorosin, Chair <br />Orange County Board of Commissioners <br />SEAL <br />5