Orange County NC Website
i <br /> RES - 2021 -028 Attachment 4 <br /> RESOLUTION AUTHORIZING <br /> THE ORANGE COUNTY FY 2021 -2022 HOME PROGRAM DESIGN <br /> BE IT RESOLVED , by the Orange County Board of Commissioners , as a member of the <br /> Orange County HOME Consortium, that the Commissioners approve the following activities for <br /> the FY 2021 -2022 HOME Program . <br /> G <br /> Homebuyer Assistance <br /> Funds will be allocated to Orange County Habitat for Humanity to provide deferred payment <br /> zero interest mortgages to an estimated fifteen ( 15 ) homebuyers in the Fairview Community in <br /> Hillsborough earning between thirty percent (30 % ) and eighty percent ( 80 %) of the area median <br /> income . (The final number of homebuyers assisted may be more or less than 15 and will depend <br /> on homebuyer underwriting . ) <br /> (Requested amount: $ 450, 000) $ 4349393 <br /> Rental Construction <br /> Funds will be allocated to Pee Wee Homes to finance construction of three (3 ) small rental units <br /> at 106 Hill Street in Carrboro . Units will be leased to households experiencing homelessness and <br /> earning less than thirty percent (30 %) of the area median income . <br /> (Requested amount: $ 100, 000) $ 1009000 <br /> Predevelopment Loan <br /> Funds will be allocated to EmPOWERment, Inc . for acquisition of a duplex containing two (2) <br /> units at 706 Gomains Avenue in Chapel Hill . Units will be leased to households earning less than <br /> thirty percent (30 %) of the area median income . <br /> (Requested amount: $ 105, 000) $ 1059000 <br /> Program Administration $ 379874 <br /> BE IT FURTHER RESOLVED , that the County Manager is hereby designated as the <br /> authorized representative of the County to act in connection with the HOME Program and to <br /> provide such additional information as may be required by the U . S . Department of Housing and <br /> Urban Development . <br /> This is the4 day of , 2021 <br /> VIR V�se <br /> Renee Price , Chair <br /> 17 a S� Orange County Board of Commissioners <br /> dato <br /> SEAL <br />