Agenda - 03-20-2001-7a - Laserfiche WebLink

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application was not discussed with the Affordable Housing Task Force since there was discussion with the HOME Program Review Committee. The County Housing and Community Development Department administers the Orange County Single Family Housing Rehabilitation Program. The goal of the program is to repair substandard owner-occupied and rents! housing units owned and occupied by law-income families. The program is designed as a deferred loan program with fiive, ten, and fifteen-year , terms depending upon the amount of the loan. Since 1992, the primary source of funding for the program is the HOME investment Partnership Program, as well as funds from the CDB~G Program. To date, approximately 63 substandard homes have been repaired throughout the County under this program. The application has been prepared and approximately fourteen substandard (14) houses will be targeted for repair under this program. The specific houses have not been identified; however, the units will be selected from the existing housing rehabilitation waiting list and will be located in Carrboro, Hillsborough, and Orange County. Families at or below 50% of area median income will occupy all assisted units. In accordance with the Division ofi Community Assistance regulations, a second public hearing must be held to receive citizen comment before submission of the application. Comments received at this hearing wiN be incorporated into the application prior to submission on or before March 30, 2001. FINANCIAL IMPACT. Application for these funds represent an additional $400,000 available for affordable housipg initiatives in the County. REC©MMENDATION~S): The Manager recommends that the Board: 1) Receive citizen comments as additional information. 2) Approve the resolution authorizing the submission of the formal application document on or about March 30, 2001; and 3) Authorize tha Chaic to sign the application document on behalf of the Board.'