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Agenda - 05-04-2021; 8-i - Approval of a Resolution Authorizing a Revision in the Resolution Adopted May 5, 2016 Which Authorized the Orange County FY 2016-2017 HOME Program Design
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Agenda - 05-04-2021; 8-i - Approval of a Resolution Authorizing a Revision in the Resolution Adopted May 5, 2016 Which Authorized the Orange County FY 2016-2017 HOME Program Design
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5/4/2021
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Agenda
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8-i
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Agenda for May 4, 2021 Board Meeting
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5 <br /> RES-2021-026 Attachment 3 (Clean Version) <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> RESOLUTION AMENDING THE ORANGE COUNTY FY 2016-2017 HOME <br /> PROGRAM DESIGN <br /> BE IT RESOLVED,by the Orange County Board of Commissioners as the governing <br /> board for Orange County, the lead entity of the Orange County HOME Consortium, that the <br /> Consortium approves the following amendment to activities for the 2016-2017 HOME Program. <br /> Homeownership Assistance <br /> Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment <br /> zero interest second mortgages for twelve (12)homes in the Fairview community in <br /> Hillsborough and the Tinnin Woods subdivision in Efland-Cheeks Township. Homes will be <br /> sold to households earning between 30 percent and 65 percent of the area median income. <br /> (Requested Amount: $285,000) $285,000 <br /> Housing Rehabilitation <br /> Funds would be allocated to Rebuilding Together of the Triangle to provide critical repairs, <br /> accessibility modifications, and home performance upgrades to low-income homeowners <br /> throughout Orange County earning less than 80% of the area median income. <br /> (Requested amount: $50,000) $50,000 <br /> Tenant-Based Rental Assistance <br /> Funds would be allocated to the Orange County Housing and Community Development <br /> Department for tenant-based rental assistance. This program will provide tenant-based rental <br /> assistance to Orange County renters earning less than 80% of the area median income. <br /> (Requested amount: $114,655) $114,655 <br /> Program Administration $30,854 <br /> TOTAL FY 2016-2017 HOME PROGRAM FUNDS $480,509 <br /> This the day of May 2021. <br /> Renee Price, Chair <br /> Orange County Board of Commissioners <br /> SEAL <br />
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