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Agenda - 11-05-20; 6-b - Affordable Housing Advisory Board (AHAB) Funding Recommendations for 2020 Affordable Housing Bond Program
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Agenda - 11-05-20; 6-b - Affordable Housing Advisory Board (AHAB) Funding Recommendations for 2020 Affordable Housing Bond Program
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10/29/2020 2:57:40 PM
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BOCC
Date
11/5/2020
Meeting Type
Business
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Agenda
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6-b
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Agenda 11-05-20 Virtual Business Meeting
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2020 AFFORDABLE HOUSING BOND <br />APPLICATION SUMMARY <br /> <br /> Center for Community <br />Self-Help EmPOWERment Habitat for Humanity Interchurch Council <br />Housing Corp <br />Funding Request $1,500,000 $700,000 $1,500,000 $165,840 <br />Project <br />Description <br />2200 Homestead Road <br />Mixed rental and <br />homeownership <br />development <br />PEACH Apartments <br />Small-scale rental <br />development <br />Weaver’s Grove <br />Mixed-income, mixed- <br />use homeownership <br />development <br />Chase Park Stairwell <br />Rehab <br />Rehab stairwell of existing <br />rental development <br /># Affordable Units 113 8 100 40* <br />Incomes 0-30% AMI – 45 units <br />31-60% AMI – 29 units <br />61-80% AMI – 39 units <br />Market-rate – 4 units <br />0-30% AMI – 4 units <br />31-60% AMI – 4 units <br />61-80% AMI – 0 units <br />0-30% AMI – 0 units <br />31-60% AMI – 70 units <br />61-80% AMI – 30 units <br />Market-rate – 136 units <br />0-30% AMI – 32 units <br />31-60% AMI – 8 units <br />61-80% AMI – 0 units <br />Project Location Weaver Dairy Rd and <br />Homestead Rd <br />Johnson St in Pine <br />Knolls community <br />Sunrise Ln across from <br />Carol Woods <br />NC 54 between Merritt <br />Mill Rd and Green Level Rd <br />% Funded by <br />County 13% 34% 7% 100% <br /> <br />*Unit rehabilitation does not increase affordable housing inventory <br /> <br />7
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