Orange County NC Website
Browse       Search
NOVEMBER 2001 DRAFE <br />interest, rent, dividends, etc. Housing and Community Development staff will verify <br />(with a third party) all family income. <br />Applicents eligible for grants will be requiretl to execute a grant agreement Those <br />applicants who are not eligible for the grant program will be referred to the Orange <br />County Economic Development Commission for consideration of their possible <br />participation in the County- sponsored loan program. <br />Tome of Assistance <br />2001 Income Limits for the County of Orange <br />Hy(Ob�anfdiif <br />xHOUe°xR�° <br />do %pt Metl <br />x�il t .,�� <br />so5ft bledail RS <br />M <br />ril Ime ,i" <br />90Yr tl " <br />rgi(`uw�U�'}'fir <br />1 <br />$13900 <br />$2310 <br />$]also <br />2 <br />$15850 <br />$25,150 <br />$42,000 <br />3 <br />$11,850 <br />$29)50 <br />$47,2511 <br />4 <br />$19,850 <br />$33,050 <br />$52,5011 <br />5 <br />$21400 <br />535,70 <br />$5i <br />6_ <br />$23500 <br />936,350 <br />£60900 <br />7 <br />$24600 <br />$41000 <br />Si <br />e <br />$26200 <br />543.550 <br />$59,300 <br />Phase I — Grant Program <br />For applicantishenants with household Incomes that fall 80% and below of the area <br />median, assistance to these families will be provided in the forth of a grant. (See chart <br />above.) <br />Applicants in this category could fall in the following configurations. <br />Low Income Homeowner <br />Low Income Tenant - Law Income Landlord <br />Low Income Tenant - Over Income Landlord <br />Over Income Tenant— Low income Landlord <br />All grant recipients will be required to execute a Grant Agreement with the County. <br />This phase of the program will commence with completion of the installation of the main <br />waterline by OWASA and ds contractors. Completion of that project is currently <br />estimated by January 2002. The Countys Housing antl Community Development <br />Office will process grant applications and administer the grant program. <br />Press II - Low - Interest Direct Loans <br />For applicants with household incomes that are above 30% of the area median, <br />assistance to these families will be provided in the form of a low interest amortized <br />