Orange County NC Website
12 <br />Further Development <br />Develop and support the capacity of non_profit and other willing providers to <br />cooperatively plan, develop, and maintain affordable rental and owner- <br />occupied low-income housing. <br />Investigate the feasibility of a countywide public-private investment fund. This <br />would be open to public and private institutional and Individual investors, <br />especially area entrepreneurs, public and non-profit educational, religious, and <br />other institutions and foundations, and upper-income earners in the Triangle. The <br />fund would pay a guaranteed low interest rate of return (ranging at the choice <br />of the investor between 0-5%) in order to allow the Fund to make loans to <br />nonprofit low income housing providers at 3 percentage points below market <br />rates. <br />Support the efforts of the Continuum of Care Committee to develop a <br />Continuum of Care Plan is designed to organize and deliver housing and related <br />support services to meet the specific needs of homeless Individuals and families <br />as they move to stable housing and maximum self-sufficiency. Key components <br />of the plan include: outreach/assessment; emergency shelter; transitional <br />housing; and permanent housing. Counties are required to engage in the <br />Continuum of Care planning process in order to access available HUD funding <br />for homeless families. <br />