Orange County NC Website
13 <br />Exhibit B <br />PROPOSED BUDGET <br />Proposed Uses of Funds <br />Down Payment Assistance <br />2017-18(11second mortgages)$211,830 <br />Total Uses of Funds$211,830 <br />Sources of Funds <br />Orange County HOME funds$211,830 <br />Total Sources of Funds$211,830 <br />Habitatmay not request disbursement of funds under this Agreement until the funds are needed <br />for payment of eligible costs. The amount of each request must be limited to eligible costs as <br />determined by the County’s Housing and Community Development Department (“HCD"). <br />Funds may be shifted between line items of the Project without prior approval of the County only <br />to the extent of “Minor Adjustments,”defined as actions which do not result in a change in the <br />Project and so long as such Minor Adjustments do not exceed ten percent (10%) of the line item <br />total from which the funds are being removed or to which the funds are being added, there is no <br />increase to the Total Renovation Cost specified in the above budget, and there are only minor <br />changes to the Plans and Specifications. <br />DocuSign Envelope ID: 12C19140-2C02-498E-AD84-772B4830D31B