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6 <br /> RES-2020-031 Attachment 3 <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> RESOLUTION AUTHORIZING A REVISION IN THE <br /> ORANGE COUNTY FY 2018-2019 HOME PROGRAM DESIGN <br /> BE IT RESOLVED, by the Orange County Board of Commissioners as a member of the Orange <br /> County HOME Consortium approves the revision in the Resolution adopted May 1, 2018 so that <br /> there is an addition of a new Rental Acquisition project activity and a revision in the <br /> Homeownership Assistance project activity so that both read as follows in their entirety: <br /> Homeownership Acquisition <br /> Funds will be allocated to the Community Home Trust for the acquisition of one (1) single- <br /> family property for sale to a household earning 80% or less AMI. <br /> (Requested amount: $1 S,000) $15,000 <br /> Rental Acquisition <br /> Funds will be allocated to the Community Home Trust for the acquisition of one (1) single- <br /> family property for rental to a household earning 30% or less AMI. <br /> (Requested amount: $40,000) $40,000 <br /> Homeownership Assistance <br /> Funds will be allocated to the Community Housing Trust to provide homebuyer financial <br /> assistance for one (1) household in the Northside and Pine Knolls Neighborhood of Chapel Hill <br /> earning 80% or less AMI. <br /> (Requested amount: $5,000) $5,000 <br /> BE IT FURTHER RESOLVED, that the County Manager is hereby designated as the authorized <br /> representative of the County to act in connection with the submission of this plan and to provide <br /> such additional information as may be required by the U.S. Department of Housing and Urban <br /> Development. <br /> This is the day of , 2020 <br /> Penny Rich, Chair <br /> Orange County Board of Commissioners <br /> SEAL <br />