Agenda - 04-21-20; 6-a - Proposed Orange County Five-Year Consolidated Plan, FY 2020-2021 Annual Action Plan, and FY 2020-2021 HOME Activities

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5 RES-2020-024 RESOLUTION AUTHORIZING THE ORANGE COUNTY FY 2020-2021 HOME PROGRAM DESIGN BE IT RESOLVED,by the Orange County Board of Commissioners, as a member of the Orange County HOME Consortium, that the Commissioners approve the following activities for the FY 2020-2021 HOME Program: Homeownership Assistance Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment zero interest mortgages for an estimated three (3) homes in the Fairview Community in Hillsborough and the Northside Neighborhood in Carrboro. Homes will be sold to households earning between thirty percent(30%) and sixty percent(60%) of the area median income. (Requested amount: $390,000) $94,138 Rental Development Funds will be allocated to CASA to provide gap financing for an eighty-four(84)unit rental development on Merritt Mill Road in Chapel Hill and Carrboro. Units will be leased to households earning between thirty percent(30%) and sixty percent(60%) of the area median income. (Requested amount: $350,000) $200,000 Predevelopment Loan Funds will be allocated to EmPOWERment, Inc. as a predevelopment loan for a proposed rental development with eight(8)to ten(10)units on Johnson Street in Carrboro. Units will be leased to households earning between thirty percent (30%) and eighty percent(80%) of the area median income. (Requested amount: $200,000) $56,228 Program Administration $37,485 BE IT FURTHER RESOLVED,that the County Manager is hereby designated as the authorized representative of the County to act in connection with the HOME Program and to provide such additional information as may be required by the U.S. Department of Housing and Urban Development. This is the day of , 2020 Penny Rich, Chair Orange County Board of Commissioners SEAL