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7 <br /> RES-2020-058 <br /> RESOLUTION APPROVING THE ORANGE COUNTY APPLICATION FOR <br /> COMMUNITY DEVELOPMENT BLOCK GRANT FUNDING <br /> FOR THE EMERGENCY HOUSING ASSISTANCE FUND <br /> WHEREAS, the Orange County Emergency Housing Assistance fund, formerly called <br /> the Housing Stabilization Fund, was established by the Orange County Board of Commissioners <br /> in 2018 as part of the Risk Mitigation and Housing Displacement Fund in order to provide <br /> emergency financial assistance to low-income residents of the County to help secure and <br /> maintain stable housing; and, <br /> WHEREAS, the Orange County Board of Commissioners has previously indicated its <br /> desire to increase funding to the Emergency Housing Assistance fund in order to stabilize <br /> County residents and the local housing market in the wake of the COVID-19 pandemic; and, <br /> WHEREAS, the Commissioners have held two public hearings concerning the proposed <br /> application for Community Development Block Grant funding to benefit the County's <br /> Emergency Housing Assistance fund; and, <br /> WHEREAS, the Commissioners wish the County to pursue a formal application for <br /> Community Development Block Grant funding to benefit the Emergency Housing Assistance <br /> fund; and have invested monies in the amount of eight hundred eighty thousand dollars <br /> ($880,000) from the County's Coronavirus Relief Fund allocation into the project as committed <br /> to in the application. <br /> WHEREAS, the Commissioners certify that the County will meet all federal regulatory <br /> and statutory requirements of the State of North Carolina Community Development Block Grant <br /> Program, <br /> NOW, THEREFORE BE IT RESOLVED, by the Orange County Board of <br /> Commissioners that Orange County is authorized to submit a formal application on behalf of <br /> Orange County to the North Carolina Department of Commerce for approval of a Community <br /> Development Block Grant to benefit the Emergency Housing Assistance fund. <br /> Adopted this the 6th day of October, 2020 in Orange County,North Carolina. <br /> Penny Rich, Chair <br /> Orange County Board of Commissioners <br /> ATTEST: <br /> Clerk to the Board <br />