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RES-2018-050 Approval of Revised FY 2013 and FY 2016 HOME Funds Award and Associated Orange County Capital Investment Fund Grant Award to Community Home Trust and Community Alternatives for Supportive Abodes (CASA)
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RES-2018-050 Approval of Revised FY 2013 and FY 2016 HOME Funds Award and Associated Orange County Capital Investment Fund Grant Award to Community Home Trust and Community Alternatives for Supportive Abodes (CASA)
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2/21/2019 11:37:42 AM
Creation date
6/20/2018 11:44:45 AM
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BOCC
Date
6/19/2018
Meeting Type
Regular Meeting
Document Type
Resolution
Agenda Item
8-t
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Agenda - 06-19-2018 8-t - Approval of Revised FY 2013 and FY 2016 HOME Funds Award and Associated Orange County Capital Investment Fund Grant Award to CHT and CASA
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\Board of County Commissioners\BOCC Agendas\2010's\2018\Agenda - 06-19-2018 Regular Meeting
Minutes 06-19-2018
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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2018
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RES- 2018 -050 <br />RESOLUTION AUTHORIZING <br />THE ORANGE COUNTY FY 2013 GENERAL HOME, FY 2016 <br />COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO) <br />SET -ASIDE AWARDS AND ORANGE COUNTY CAPITAL INVESTMENT PLAN <br />LAND BANKING FUNDS AWARD <br />BE IT RESOLVED, the Orange County Board of Commissioners, as a member of the Orange <br />County HOME Consortium, approves the following awards as it relates to the remaining FY <br />2013 General HOME Program fiends, FY 2016 Community Housing Development Organizations <br />(CHDOs) funds, and Orange County Capital Investment Plan Land Banking funds: <br />Homeownership Assistance <br />FY 2013 HOME Program funds will be allocated to the Community Home Trust (CHT) to <br />provide first -time homebuyer financial assistance for up to five (5) homebuyers earning less than <br />80% of the Area Median Income. <br />(Requested amount. $63,200.30) $16,670.90 <br />Orange County local funds to the Community Home Trust to acquire units and provide <br />homebuyer assistance activities. The funds awarded are on a per project basis with 105 <br />Greenway Landing being the first project. All funds awarded are to be spent by December 31, <br />2018. Any unused portion of the grant award will revert to Orange County. <br />Not to exceed $46,529.40 <br />FY 2016 Community Housing Development Organizations (CHDO) Set -Aside <br />FY 2016 CHDO funds will be allocated to the Community Alternatives for Supportive Abodes <br />(CASA) and/or Community Home Trust, collectively and /or singularly, based on submitted <br />applications involving eligible CHDO set -aside activities. All fields must be committed by <br />August 20, 2018. <br />$46,529.40 <br />BE IT FURTHER RESOLVED, that the County Manager is hereby authorized to execute the <br />agreements with Community Home Trust (CHT) and/or Community Alternatives for Supportive <br />Abodes (CASA) after consultation with the County Attorney. <br />day of June, 2018 <br />Mark o osin, Coh <br />Orange County ssioners <br />
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