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10 <br /> Identify whether the Consortium intends to give preference to one or more qualifying populations or <br /> a subpopulation within one or more qualifying populations for any eligible activity or project <br /> • Preferences cannot violate any applicable fair housing, civil rights, and nondiscrimination <br /> requirements, including but not limited to those requirements listed in 24 CFR 5.105(a) <br /> • The Consortium is not required to describe specific projects to which the preferences will apply <br /> TBD <br /> (If a preference was identified) How the use of a preference or method of prioritization will address <br /> the unmet need or gap in benefits and services received by individuals and families in the qualifying <br /> population or category of qualifying population, consistent with the Consortium's needs assessment <br /> and gaps analysis <br /> TBD <br /> (If a preference was identified) How the Consortium will use HOME-ARP funds to address the unmet <br /> needs or gaps in benefits and services of the other qualifying populations that are not included in the <br /> preference <br /> TBD <br /> HOME-ARP Refinancing Guidelines <br /> If the Orange County, NC HOME Consortium intends to use HOME-ARP funds to refinance existing debt secured <br /> by multifamily rental housing that is being refinanced with HOME-ARP funds, the Consortium must state its <br /> HOME-ARP refinancing guidelines in accordance with 24 CFR 92.206(b). The guidelines must describe the <br /> conditions under which the Consortium will refinance existing debt for a HOME-ARP rental project. <br /> Minimum level of rehabilitation per unit or required ratio between rehabilitation to refinancing to <br /> demonstrate that rehabilitation of HOME-ARP rental housing is the primary eligible activity <br /> TBD <br /> Required review of management practices to demonstrate that disinvestment in the property has not <br /> occurred; that the long-term needs of the project can be met; and that the feasibility of serving <br /> qualified population for the minimum compliance period can be demonstrated <br /> TBD <br /> State whether the new investment is being made to maintain current affordable units, create <br /> additional affordable units, or both <br /> TBD <br /> Required compliance period(whether it is the minimum 15 years or longer) <br /> TBD <br /> State that HOME-ARP funds cannot be used to refinance multifamily loans made or insured by any <br /> federal programs, including CDBG <br /> 7 <br />