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7 <br /> <br />3. Long-term affordability 1 <br />4. Project location relative to services & employment 2 <br />5. Leveraging other funding 3 <br />6. Cost effectiveness 4 <br />7. Capacity to complete project 5 <br />• Award recommendations made by HOME Consortium (Local Government Affordable 6 <br />Housing Collaborative) 7 <br /> 8 <br />FY21 HOME APPLICANTS 9 <br /> Habitat CASA EMPME 10 <br /> 11 <br />Funding Request $390,000 $350,000 <br />$200,00 <br />Funding Award $94,138 $200,000 $56,228 <br />Project Description Second mortgage <br />assistance for Habitat <br />home buyers <br />Gap financing for Merritt <br />Mill, a 48 unit rental project <br />with some units set aside <br />for people with disabilities <br />Financing for 107 <br />Johnson Street, an 8 <br />to 10 unit rental <br />project <br />Income Targeting 9 units for households <br />earning up to 50% AMI <br />and 4 units up to 80% <br />AMI <br />9 units for households <br />earning up to 3Poe0% AMI <br />and 39 units for households <br />earning up to 80% AMI <br />2 units for <br />households earning <br />up to 30% AMI, 7 <br />units up to 50% <br />AMI, and 1 unit at <br />80% AMI <br />Population Targeting Low-income seniors and <br />people with disabilities <br />will be targeted in 15% <br />of units <br />People with disabilities will <br />be targeted in 9 units (19%) <br />None, but of their <br />existing portfolio, <br />48% of residents are <br />voucher holders <br />Project Location Fairview community in <br />Hillsborough and <br />Northside neighborhood <br />in Carrboro <br />Merritt Mill Road in <br />Carrboro/ Chapel Hill <br />Pine Knolls <br />neighborhood in <br />Chapel Hill <br />Leveraging Total non-HOME <br />project funding is $1.5 <br />million <br />Total non-HOME project <br />funding is $8.6 million <br />Total non-HOME <br />project funding is <br />$2.4 million <br /> 12 <br /> 13 <br />FY21 HOME AWARD RECOMMENDATION 14 <br /> 15 <br />Funding Sources 16 <br /> 17 <br />FY 2020-2021 HOME Funds $ 374,851