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ORANGE COUNTY <br />BOARD OF COMMISSIONERS <br />ACTION AGENDA ITEM ABSTRACT <br />Meeting Date: November 5, 2003 <br />Action Agenda <br />Item No. ~..~ <br />SUBJECT: Orange County Housing Bond Program <br />DEPARTMENT: Housing/Comm. Development PUBLIC HEARING: (Y/N) No <br />ATTACHMENT(S): <br />Report <br />INFORMATION CONTACT: <br />Tara L. Fikes, ext 2490 <br />TELEPHONE NUMBERS: <br />Hillsborough 732-8181 <br />Chapel Hill 968-4501 <br />Durham 688-7331 <br />Mebane 336-227-2031 <br />PURPOSE: To receive a bi-annual report on the 1997 Housing Bond Program. <br />BACKGROUND: The Orange County Affordable Housing Advisory Board (ARAB) is charged <br />with reviewing the bond program semi-annually to determine program outcomes. The recipients <br />of 1997 Housing Bond submitted progress reports to the Housing and Community Development <br />Department on July 31, 2003 detailing project progress to date. These reports were reviewed <br />by ARAB and a summary report was prepared for the Board of County Commissioners. <br />Martha Hoylman, Chair of ARAB, will present the report to the Board. <br />FINANCIAL IMPACT: The 1997 Affordable Housing Bond Program represents a $1.8 million <br />dollar investment toward local affordable housing efforts. <br />RECOMMENDATION(S): The Manager recommends that the Board receive as information <br />and provide any comments. <br />