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7 <br />Community Loan Fund <br />➢ Established in FY 2012 -13 with $100,000 General Fund balance <br />appropriation <br />➢ Provide no interest loans for Residents to make water and sewer <br />connections <br />➢ Loans range from $3,500 to $10,000 with repayment terms up to 10 years <br />➢ Loans secured by Deed of Trust <br />➢ Five Loans Outstanding; Tax Office bills each of these residential parcel <br />owners annually <br />➢ FY 2017 -18 additional $200,000 transferred to the fund via Budget <br />Amendment 10 to support additional sewer connection loans <br />➢ Current balance in the Community Loan Fund is $282,837 <br />ORANGE COUNTY <br />NORTH CAROLINA <br />