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4 <br /> RES-2021-011 Attachment 2 <br /> RESOLUTION AUTHORIZING A REVISION IN THE <br /> ORANGE COUNTY FY 2020-2021 HOME PROGRAM DESIGN <br /> BE IT RESOLVED, by the Orange County Board of Commissioners as the lead entity of <br /> the Orange County HOME Consortium approves the revisions in the Resolution adopted April 21, <br /> 2020 to allow for more than three(3)homes to be assisted through the Homeownership Assistance <br /> activity; to remove the award allocated to CASA for Rental Development; and to revise the <br /> language in the award to EmPOWERment, Inc. to read "development loan" rather than <br /> "predevelopment loan", such that the FY 2020-2021 HOME Program Design reads as follows in <br /> its entirety: <br /> Homeownership Assistance <br /> Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment, <br /> zero interest second mortgage for at least three (3) homes in the Fairview Community in <br /> Hillsborough and the Northside Neighborhood in Carrboro. Homes will be sold to households <br /> earning between thirty percent(30%) and sixty percent(60%) of the area median income. <br /> (Requested amount: $390,000) $94,138 <br /> Development Loan <br /> Funds will be allocated to EmPOWERment, Inc. as a development loan for a proposed rental <br /> development with eight(8) to ten(10)units on Johnson Street in Carrboro. Units will be leased <br /> to households earning between thirty percent (30%) and eighty percent(80%) of the area median <br /> income. <br /> (Requested amount: $200,000) $56,228 <br /> Program Administration $37,485 <br /> BE IT FURTHER RESOLVED, that the County Manager is hereby designated as the authorized <br /> representative of the County to act in connection with the submission of this plan and to provide <br /> such additional information as may be required by the U.S. Department of Housing and Urban <br /> Development. <br /> This is the day of , 2021 <br /> Renee Price, Chair <br /> Orange County Board of Commissioners <br /> SEAL <br />