Orange County NC Website
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: June 16, 2020 <br /> Action Agenda <br /> Item No. 8-o (Proposed) <br /> SUBJECT: North Carolina Housing Finance Agency (NCHFA) — 2020 Essential Single- <br /> Family Rehabilitation Loan Pool (ESFRLP20) Award <br /> DEPARTMENT: Department of Housing and <br /> Community Development <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1: ESFRLP20 Assistance Emila Sutton, Director, Housing and <br /> Policy Community Development, (919) 245- <br /> Attachment 2: ESFRLP20 Procurement and 2490 <br /> Disbursement Policy <br /> Attachment 3: Funding and Written <br /> Agreement Example <br /> (ESFRLP17) <br /> PURPOSE: To approve the 2020 Essential Single-Family Rehabilitation Loan Pool (ESFRLP20) <br /> Assistance Policy and ESFRLP20 Procurement and Disbursement Policy and authorize the <br /> County Manager to sign the Funding and Written Agreement for the ESFRLP20 award from the <br /> North Carolina Housing Finance Agency (NCHFA). <br /> BACKGROUND: In February 2020, Orange County received a notice of award from NCHFA for <br /> the 2020 Essential Single-Family Rehabilitation Loan Pool (ESFRLP20). As a member of the loan <br /> pool, $190,000 has been set aside for Orange County for projects to be reserved on a unit-by-unit <br /> basis. In accordance with NCHFA's program guidelines, Orange County may reserve funds for <br /> up to five (5) units under the $190,000 set-aside. Funds for additional units may be reserved from <br /> the loan pool, depending on availability, on a unit-by-unit and first come, first served basis until <br /> December 21, 2022. <br /> Orange County's application for funding stated that matching funds of$50,000 would be available <br /> to assist with rehabilitation of the proposed housing units. The Housing and Community <br /> Development Department Local Single-Family Rehab account currently has about $240,000 <br /> available for rehabilitation projects (which will roll forward to FY 2020-21). The $50,000 match <br /> funds is proposed to be allocated from this account. <br /> NCHFA requires recipients of ESFRLP20 awards to complete a packet of Post Approval <br /> Documentation, which includes documentation that an Assistance Policy and a Procurement and <br /> Disbursement Policy have been adopted. These policies describe how eligible applicants are <br /> selected for the program, and how the bid solicitation and payment processes for the rehabilitation <br /> work are conducted, respectively. These two policies are attached for review and approval. <br />