Orange County NC Website
Browse       Search
RES - 2020 -031 <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> RESOLUTION AUTHORIZING A REVISION IN THE <br /> ORANGE COUNTY FY 201 & 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: $ 15, 000) $ 159000 <br /> Rental Acquisition <br /> Funds will be allocated to the Community Home Trust for the acquisition of one ( 1 ) single - family <br /> 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) $ 59000 <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 5th day of May 2020 . <br /> Penny Rich, Chair <br /> Orange County Board of Commissioners <br /> SE <br />