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6 1 (gaining employment, being undocumented, etc.). She thanked the Board of County 2 Commissioners (BOCC) for being willing to engage in this conversation. 3 4 2. Proposed Guidelines for the New Orange County Local Rent Supplement Program 5 (OC-LRSP) 6 Sherrill Hampton, Housing Director, introduced Javon Holley, Program Manager for the 7 new Housing Choice Voucher Program. 8 9 BACKGROUND: 10 The Orange County Board of County Commissioners, on June 19, 2018, approved an initial 11 $100,000 appropriation for a new local voucher program known as the Orange County Local 12 Rent Supplement Program. In addition, the HOME Consortium, now known as the Local 13 Government Affordable Housing Collaborative and consisting of the towns of Carrboro, Chapel 14 Hill, and Hillsborough, as well as Orange County, approved a recommendation to award 15 $139,613 in FY 2018-19 HOME funds to be used for Tenant-Based Rental Assistance. Of the 16 aforementioned amount, $114,613 would serve as leveraged resources for the new OC Local 17 Rent Supplement Program. The remaining amount of$25,000 will be used for the Rapid Re- 18 Housing Program. The federal Department of Housing & Urban Development (HUD) approved 19 the FY 2018-2019 HOME grant award on October 3, 2018, and the grant agreement was fully 20 executed on October 10, 2018 by the County Manager. 21 22 The new OC Local Rent Supplement Program (OC-LRSP) in many aspects mirrors the 23 federally-funded Housing Choice Voucher (HCV) Program. However, it is also designed to allow 24 for flexibility in meeting local identified housing needs. For the full program overview and 25 proposed guidelines of the new OC-LRSP, see Attachment 1. In addition, a draft 26 implementation timeline and a copy of HUD's FY 2019 Fair Market Rents (FMRs) are also 27 included as Attachments 2 and 3, respectively. The listed rents serve as the payment standards 28 for the rental subsidies offered under the new program. It should be noted that there has been 29 an increase in the FMRs in FY 2019 as opposed to those originally 30 31 Sherrill Hampton thanked the BOCC for supporting this program, and said it will be 32 another tool in the housing toolbox. She reviewed the following PowerPoint presentation: 33 34 PART I: OVERVIEW OF THE NEW ORANGE COUNTY LOCAL RENT SUPPLEMENT 35 PROGRAM (OC-LRSP) 36 A. OVERVIEW 37 The Local Rent Supplement Program is a new rental subsidy program approved by the Orange 38 County Board of County Commissioners on June 19, 2018 with an initial injection of capital in 39 the amount of$100,000. The County's HOME Consortium, the Local Government Affordable 40 Housing Collaborative, is providing $114, 613 in FY 2018-2019 HOME funds for tenant-based 41 rental assistance as leveraged funds to assist in the implementation of the OC-LRSP. The 42 County will enter into an agreement with the Orange County Housing Authority (OCHA) to 43 administer the new program. 44 45 The OC-LRSP provides monthly rental subsidies that cover the difference between the rents 46 that low-income families and individuals can afford to pay and the actual monthly cost of rent for 47 the unit. The new program addresses one of the priority housing needs identified in Orange 48 County's FY 2015-2019 Consolidated Plan, as well as the recently released Affordable Housing 49 Coalition's 2018 Affordable Housing Summit Report. 50