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• The County's funds are estimated to make up only 46% of the property cost, and <br />33% of the total project. <br />^ The OPC Foundation will be able to house homeless disabled individuals without <br />using Section 8 rental assistance, but the tenants will pay the same rent as if they <br />had Section 8 vouchers. <br />^ The County, along with many other agencies, worked very hazd to bring in funds <br />in the 2002 Continuum of Care application cycle, and this Supportive Housing <br />Grant represents 72% of the total fiords for that application. <br />^ The OPC. P.rea Program is in a financial predicament, and this program will pay <br />for afull-tirne case manager to work with the homeless for three yeazs without <br />drawing on OPC's tight resources. <br />Thanks for your help and please let me know if you have any questions or if I can be of <br />any assistance. The Foundation would be in the best position to secure these grant funds <br />if we know about the bond decision by December 15. However, we recognize the short <br />time frame for the County and I believe that if we know by .lanrrazy I S that it is likely that <br />we can use the funds. <br />Sincere y <br />~~~~,. <br />erson D. Parker, on behalf of the OPC Foundation for Mental Health <br />Director of Housing <br />OPC Area Program <br />100 Europa Drive, Suite 490 <br />Chapel Hill, North Carolina 27514 <br />919-913-4070 <br />919-913-4001 (fax) <br />cc: Tom Maynard, Area Director, OPC Area Program <br />Tara Fikes, Direct of'Housing and Community Development, Orange County <br />Gretchen Davis, Executive Director, OPC Foundation for' Mental Health <br />Sonnie VanSant, Chair of the Board of Directors, OPC Foundation for Mental <br />Health <br />