Orange County NC Website
Browse       Search
DocuSign Envelope ID:758215CF-OA18-45F8-8807-AB9OF35D5BA2 <br /> Exhibit B <br /> PROPOSED BUDGET <br /> Proposed Uses of Funds <br /> Down Payment Assistance <br /> 2018-19 (two second mortgages) $ 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 /> Habitat 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 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 /> 14 <br />