Orange County NC Website
DocuSign Envelope ID:66F168C2-3C54-4274-9428-4F16B3F1802A <br /> Exhibit B <br /> PROPOSED BUDGET <br /> Proposed Uses of Funds <br /> Homebuyer Assistance $60,000 <br /> Total Uses of Funds $ 60,000 <br /> Sources of Funds <br /> Orange County HOME funds $ 60,000 <br /> Total Sources of Funds $ 60,000 <br /> CHT may 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 <br /> only to the extent of"Minor Adjustments," defined as actions which do not result in a change in <br /> the Project and so long as such Minor Adjustments do not exceed ten percent (10%) of the line <br /> item total from which the funds are being removed or to which the funds are being added, there <br /> is no increase to the Total Renovation Cost specified in the above budget, and there are only <br /> minor changes to the Plans and Specifications. <br /> 14 <br />