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3 <br /> Attachment 1 <br /> Orange County Assistance Policy <br /> Essential Single-Family Rehabilitation Loan Pool 2020 <br /> What is the Essential Single-Family Rehabilitation Loan Pool? <br /> Orange County has been awarded Membership by the North Carolina Housing Finance Agency(NCHFA) <br /> under the 2020 cycle of the Essential Single-Family Rehabilitation Loan Pool (ESFRLP20).This program <br /> provides Members with funds via a "loan pool"to assist with the rehabilitation of moderately deteriorated <br /> homes that are owned and occupied by lower-income, special need households ESRLP20 assists eligible <br /> households by facilitating aging in place, meeting minimum housing code requirements, promoting long- <br /> term affordability, lowering operating costs, and stabilizing pre-1978 homes that include children aged six <br /> or under whose health is threatened by the presence of lead hazards. <br /> Orange County has been allocated an initial set-aside of$190,000 to be used for rehabilitation of five (5) <br /> homes in Orange County. After demonstrating successful use of this allocation,the County may access <br /> additional funds, when available, on a unit-by-unit basis from the ESFRLP loan pool to assist additional <br /> homes. <br /> This Assistance Policy describes who is eligible for assistance under ESFRLP20, how applications for <br /> assistance will be ranked, what the terms of assistance are, and how the rehabilitation process will be <br /> managed. Orange County has designed the ESFRLP20 project to be fair, open and consistent with its <br /> approved application for funding and with ESFRLP20 Program Guidelines. <br /> The funds provided by NCHFA come from the U.S. Department of Housing and Urban Development's <br /> (HUD) HOME Investment Partnerships Program (HOME)for construction-related costs (hard costs) and will <br /> be provided as no interest, no payment loans,forgiven at the rate of$5,000 per year. Non-construction- <br /> related costs (soft costs including lead/asbestos inspections/clearances, radon testing and environmental <br /> reviews)will be provided in the form of a grant. <br /> EMERGENCY and HEALTH Notifications: Due to the current COVID-19 pandemic, increased awareness of <br /> the need to protect Orange County representatives and the homeowners they serve from various health <br /> related exposures has become more apparent than ever. Homeowners participating in the ESFRLP <br /> program must agree to follow all local, state and federal guidelines for emergency preparedness <br /> surrounding the COVID-19 pandemic and any other emergency declared that includes their property <br /> address for the duration of construction on the property. <br /> Who is Eligible to Apply? <br /> There are three major requirements to be eligible for ESFRLP17 assistance: <br /> 1) The housing unit to be rehabilitated with ESFRLP funds must be located in Orange County, and <br /> must be owner-occupied.The household occupying the unit must have an elderly, disabled and/or <br /> veteran (see definitions)full-time household member or a child aged 6 or under threatened by <br /> lead hazards in the home; <br /> 2) The gross annual household income must not exceed 80%of the Area Median Income for the <br /> County(see income limit table on the following page) and; <br /> 3) The cost of rehabilitation cannot exceed the ESFRLP Program limit of$30,000 and must include all <br /> Essential Rehabilitation Criteria as described in the ESFRLP20 Administrator's Manual (available <br /> online at www.nchfa.com). <br /> Unfortunately, not all homes can be rehabilitated to meet the Essential Rehabilitation Criteria with the <br /> limited funding available. Some otherwise-eligible households may be deemed ineligible for assistance <br /> because their homes fail this test. <br />