Orange County NC Website
1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: April 26, 2022 <br /> Action Agenda <br /> Item No. 5-a <br /> SUBJECT: Public Hearing on FY 2022-2023 Annual Action Plan for the HOME Investment <br /> Partnerships Program <br /> DEPARTMENT: Housing and Community <br /> Development <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> Attachment 1: Draft FY 2022-2023 Annual Corey Root, Director, Housing and <br /> Action Plan Summary Community Development, (919) 245- <br /> 2490 <br /> PURPOSE: To hold a public hearing on the Annual Action Plan for the HOME Investment <br /> Partnerships Program. <br /> BACKGROUND: Every year, state and local governments ("Participating Jurisdictions") that <br /> receive HOME Investment Partnerships Program ("HOME") funds from the U.S. Department of <br /> Housing and Urban Development ("HUD") are required to complete an Annual Action Plan that <br /> lays out how they will allocate HUD funds for the upcoming program year in order to address the <br /> goals and priorities in the Consolidated Plan. A summary of the draft Annual Action Plan for FY <br /> 2022-2023 is in Attachment 1. <br /> For FY 2022-2023, Orange County anticipates receiving the following HOME resources: <br /> Estimated FY 2022-2023 HOME Funds $ 378,743 <br /> 10% Program Administration $ 37,874 <br /> Estimated FY 2022-2023 HOME Funds Minus 10% Admin $ 340,869 <br /> HOME Program Income $ 13,306 <br /> Local Match $ 85,217 <br /> Total Allocation + Program Income + Match $ 439,392 <br /> The above amounts are estimates and may be adjusted according to the actual allocation <br /> received from HUD. <br /> Orange County is a special type of Participating Jurisdiction, called a Consortium, consisting of <br /> Orange County and the Towns of Carrboro, Chapel Hill, and Hillsborough. Orange County serves <br /> as the lead entity for the Orange County HOME Consortium. The Consortium has drafted the FY <br /> 2022-2023 Annual Action Plan based on the HOME award recommendations made by the Local <br /> Government Affordable Housing Collaborative, detailed below. <br />