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52 <br /> 1). The funding will be distributed to eligible community agencies around the state that will work <br /> directly with North Carolinians on an application and disbursement process. <br /> Orange County staff proposes to apply for the CDBG-CV funds to be used with the County's <br /> existing Emergency Housing Assistance fund, which provides financial assistance to help <br /> Orange County residents with low incomes secure and maintain stable housing (see Attachment <br /> 2). Assistance is available to households in Orange County that earn no more than 60% of the <br /> area median income, have an urgent need for housing assistance, and do not have adequate <br /> savings to cover the cost of their housing need. <br /> Before submitting an application, Orange County must hold two (2) public hearings to obtain <br /> public comments. The first public hearing —this hearing — occurs at the beginning of the <br /> application process. The second public hearing must be held after the application is drafted but <br /> prior to its submission. <br /> FINANCIAL IMPACT: If Orange County is awarded CDBG-CV funds, up to $900,000 would <br /> become available for Emergency Housing Assistance. <br /> Emila Sutton, Housing Director, made the following PowerPoint presentation: <br /> Slide #1 <br /> ORANGECOUNTY GCHM <br /> IJC RrT fAIiDL[[JA muisrmxxrvxarcixcsoeneninxnnuxxan <br /> NC CDBG-CV Application <br /> for Emergency Housing Assistance <br /> Board of Commissioners <br /> September 15,2020 <br /> Slide #2 <br /> n\/FR\/IF\N <br /> • NCCDBG-CV <br /> Emergency Housing ASSIStance(EHA) <br /> Public Comments <br /> Slide #3 <br /> NI CDRG,-M <br /> • The NC Department d Commerce a nnounced on August 2511that federal <br /> CDBG-CV funds would be made available for local governments,with <br /> priority on rent,utility,and mortgage assistance programs <br /> Applica tions for NC CDBG-CV funds opened September 111,but in order to <br /> apply,localises must first hold two(2)public hearings <br /> Orange County Department of Housing and Community Development <br /> intends to apply for the maximum amount of funds($900,000)to feed <br /> into the existing Emergency Housing Assistance program <br />