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RES-2021-026-Resolution Orange County Board of Commissioners Resolution amending the Orange County FY 2016-2017 Home Program design
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RES-2021-026-Resolution Orange County Board of Commissioners Resolution amending the Orange County FY 2016-2017 Home Program design
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5/7/2021 4:04:18 PM
Creation date
5/7/2021 4:01:24 PM
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BOCC
Date
5/4/2021
Meeting Type
Business
Document Type
Resolution
Agenda Item
8-i
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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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\Board of County Commissioners\BOCC Agendas\2020's\2021\Agenda - 05-04-2021 Virtual Business Meeting
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RES - 2021 -026 Attachment 3 <br /> ORANGE COUNTY BOARD OF COMMISSIONERS <br /> RESOLUTION AMENDING THE ORANGE COUNTY FY 2016 -2017 HOME <br /> 1 <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 /> i <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) $ 2859000 <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: $5Q 000) $ 509000 <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) $ 1149655 <br /> Program Administration $ 309854 <br /> TOTAL FY 2016-2017 HOME PROGRAM FUNDS $ 480 , 509 <br /> This the day of May 2021 . <br /> r <br /> Renee Price, Chair <br /> Orange County Board of Commissioners <br /> SEAL <br /> 17 <br /> g- <br />
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