Orange County NC Website
Browse       Search
Affordable Housing Land Banking <br /> Project Category: County Capital Project Status: Active Project Type <br /> Functional Service Human Services Proposed Bid N/A New X <br /> Area: Award Date: <br /> Department: Housing and Community Starting Date: N/A Expansion X <br /> Development <br /> Project Number: 10056 Completion Date: N/A Renovation <br /> Replacement <br /> Project Description/Justification: There is no funding planned in FY 2019-20. Funding of$1,000,000 in <br /> FY2016-17 was to add funds to the land banking program for affordable housing opportunities. The program <br /> was established by the BOCC in the FY2015-16 budget process to address land banking of manufactured <br /> homes parks, and/or to assist in the aquisition of property for future residential development as an affordable <br /> housing alternative. <br /> FINANCIAL SUMMARY <br /> Current Year 1 Year 2 Year 3 Year 4 Year 5 Five Year 6 <br /> Prior Years Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Fiscal Year Year to <br /> Project Budget Funding 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 Total Year10 <br /> Expenses <br /> Professional Services <br /> Construction/Repairs/Renovations <br /> Land Acquisition 2,000,000 <br /> Total Project Budget 2,000,000 <br /> Funding Sources <br /> Transfer from General Fund <br /> Transfer from Other Projects <br /> Debt Financing 2,000,000 <br /> Bond Proceeds <br /> Total 2,000,000 <br /> Impact on Operating Budget <br /> Personnel Services <br /> Operations <br /> Recurring Capital <br /> New/Add7 Revenue <br /> Total Operating Costs <br /> 179 <br />