Orange County NC Website
<br />LRSP is able to handle the increase in rents due to the leveraging of the HOME funds. <br />However, the increased amount of HOME funds for rent subsidies will decrease the availability <br />of funds for security deposits and utility connections. Nevertheless, monies from the Risk <br />Mitigation/Housing Displacement Fund could be allocated to also cover the increase but these <br />are usually one-time payments. <br /> <br />FINANCIAL IMPACT: A financial impact is anticipated based on the need for increased <br />amounts of rental subsidy due to the increase in Fair Market Rents. <br /> <br />SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are applicable <br />to this item: <br />• GOAL: FOSTER A COMMUNITY CULTURE THAT REJECTS OPPRESSION AND <br />INEQUITY <br />The fair treatment and meaningful involvement of all people regardless of race or color; <br />religious or philosophical beliefs; sex, gender or sexual orientation; national origin or <br />ethnic background; age; military service; disability; and familial, residential or economic <br />status. <br /> <br />• GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY <br />The creation and preservation of infrastructure, policies, programs and funding necessary <br />for residents to provide shelter, food, clothing and medical care for themselves and their <br />dependents. <br /> <br />• GOAL: CREATE A SAFE COMMUNITY <br />The reduction of risks from vehicle/traffic accidents, childhood and senior injuries, gang <br />activity, substance abuse and domestic violence. <br /> <br />RECOMMENDATION(S): The Manager recommends that the Board review the proposed <br />guidelines for the new Orange County Local Rent Supplement Program (OC-LRSP) and provide <br />comments in preparation for an upcoming regular meeting, authorizing the Manager to execute <br />the necessary agreement(s) with the Orange County Housing Authority to administer the <br />Program. <br /> <br />2