Orange County NC Website
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: February 16, 2021 <br /> Action Agenda <br /> Item No. 8-g <br /> SUBJECT: Approval of a Resolution Authorizing a Revision in the Resolution Adopted April <br /> 21, 2020 That Authorized the Orange County FY 2020-2021 HOME Program <br /> Design <br /> DEPARTMENT: Department of Housing and <br /> Community Development <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1: Mark-up Resolution Emila Sutton, Director, Housing and <br /> Authorizing a Revision in the Community Development, (919) 245- <br /> Resolution Adopted April 21, 2490 <br /> 2020 That Authorized the <br /> Orange County FY 2020- <br /> 2021 HOME Program <br /> Design <br /> Attachment 2: Clean Resolution <br /> Authorizing a Revision in <br /> the Resolution Adopted <br /> April 21, 2020 That <br /> Authorized the Orange <br /> County FY 2020-2021 <br /> HOME Program Design <br /> PURPOSE: To approve a revision in the resolution adopted April 21, 2020 that authorized the <br /> Orange County FY 2020-2021 HOME Program Design. <br /> BACKGROUND: Several revisions to the resolution to approve the project activities for the 2020- <br /> 2021 HOME Program, adopted by the Board on April 21, 2020, are proposed due to project <br /> changes and funding source requirements. <br /> The first revision is to the award of $94,138 to Habitat for Humanity of Orange County (Habitat) <br /> to provide deferred payment, zero interest second mortgages for three (3) homes in the Fairview <br /> Community in Hillsborough and Northside Neighborhood in Chapel Hill. Habitat has determined <br /> that it will be able to assist more than three (3) homebuyers with the allotted funds. As such, it is <br /> requested that the language be revised to read "at least three (3) homes." <br /> The second revision is to the award of$200,000 to CASA to provide gap financing for a forty-eight <br /> (48) unit rental development on Merritt Mill Road. CASA has determined that it no longer requires <br />