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Agenda - 03-19-2019 6-b - Approval of Proposed Changes to the Affordable Housing Bond Program
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Agenda - 03-19-2019 6-b - Approval of Proposed Changes to the Affordable Housing Bond Program
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3/14/2019 4:36:57 PM
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BOCC
Date
3/19/2019
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6-b
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Agenda - 03-19-2019 Regular Board Meeting
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Path:
\Board of County Commissioners\BOCC Agendas\2010's\2019\Agenda - 03-19-19 Regular Meeting
Minutes 03-19-2019 Regular Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2010's\2019
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4 <br /> ATTACHMENT 1 <br /> AFFORDABLE HOUSING BOND PROJECTS FUNDED TO DATE <br /> z F <br /> p N u <br /> z 0 <br /> z G <br /> z 3 ° o <br /> z <br /> G G ° a m G <br /> z p z a W <br /> 0 <br /> i a l'7 '?r' O Ou z AREA MEDIAN INCOME TARGETS i <br /> <30% 30%-50% 31%-50% <50% 51%-60% 61%-80% <br /> Habitat for Humanity Crescent Magnolia Hillsborough $925,000 64% $38,542 $2,568,500 24-Townhouse 12 8 4 Under construction <br /> CASA Merritt Mill West Carrboro $746,500 66% $46,656 $2,213,450 16-Apartment 12 4 Pending• <br /> CASA Merritt Mill East Chapel Hill $646,200 65% $53,850 $1,808,025 12-Apartment 8 4 Pending* <br /> EmPOWERment 116 Cole Street Chapel Hill $211,300 0% $211,300 $211,300 1-Single-Family 1 Closed December 2018 <br /> Acquisition Completed <br /> EmPOWERment 606 Bynum Street Chapel Hill $264,400 0% $132,200 $264,400 2-Single-Family 2 Closed April 2018 <br /> Acquisition Completed <br /> *No funds released for these projects.Applications for funding pursuant to the NCHFA Tax Credit Program were not approved in 2018. <br />
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