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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 3:33:04 PM
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BOCC
Date
11/5/2020
Meeting Type
Business
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Agenda
Agenda Item
6-b
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Agenda 11-05-20 Virtual Business Meeting
(Message)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2020\Agenda - 11-05-20 Virtual Business Meeting
Minutes 11-05-2020 Virtual Business Meeting
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Path:
\Board of County Commissioners\Minutes - Approved\2020's\2020
RES-2020-067 Resolution Awarding Funds for the 2020 Orange County Affordable Housing Bond Program
(Message)
Path:
\Board of County Commissioners\Resolutions\2020-2029\2020
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7 <br /> 2020 AFFORDABLE HOUSING BOND <br /> APPLICATION SUMMARY <br /> Center for Community Interchurch Council <br /> EmPOWERment Habitat for Humanity <br /> Self-Help Housing Corp <br /> Funding Request $1,500,000 $700,000 $1,500,000 $165,840 <br /> 2200 Homestead Road Weaver's Grove Chase Park Stairwell <br /> Project Mixed rental and PEACH Apartments Mixed-income, mixed- Rehab <br /> Description homeownership Small-scale rental use homeownership Rehab stairwell of existing <br /> development development development rental development <br /> #Affordable Units 113 8 100 40* <br /> Incomes 0-30%AMI—45 units 0-30%AMI—4 units 0-30%AMI—0 units 0-30%AMI—32 units <br /> 31-60%AMI—29 units 31-60%AMI—4 units 31-60%AMI—70 units 31-60%AMI—8 units <br /> 61-80%AMI—39 units 61-80%AMI—0 units 61-80%AMI—30 units 61-80%AMI—0 units <br /> Market-rate—4 units Market-rate—136 units <br /> Project Location Weaver Dairy Rd and Johnson St in Pine Sunrise Ln across from NC 54 between Merritt <br /> Homestead Rd Knolls community Carol Woods Mill Rd and Green Level Rd <br /> %Funded by 13/o o 34% 7% 100% <br /> County <br /> *Unit rehabilitation does not increase affordable housing inventory <br />
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