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24 <br /> 1 Orange County is a special type of Participating Jurisdiction, called a Consortium, consisting of <br /> 2 Orange County and the Towns of Carrboro, Chapel Hill, and Hillsborough. Orange County <br /> 3 serves as the lead entity for the Orange County HOME Consortium. The Consortium has <br /> 4 drafted the FY 2022-2023 Annual Action Plan based on the HOME award recommendations <br /> 5 made by the Local Government Affordable Housing Collaborative, detailed below. <br /> 6 <br /> 7 The Local Government Affordable Housing Collaborative (the "Collaborative"), comprised of one <br /> 8 (1) elected official and staff members from Orange County and the Towns of Carrboro, Chapel <br /> 9 Hill, and Hillsborough, reviewed the received applications for the FY 2022-2023 HOME Program <br /> 10 on March 3, 2022 and made the following funding recommendations for consideration by each <br /> 11 of the jurisdictions' elected bodies: <br /> 12 <br /> Applicant and Project Funding Funding <br /> Requested Awarded <br /> Community Empowerment Fund — Homebuyer Assistance $50,000 $50,000 <br /> EmPOWERment— Rental Acquisition $105,000 $105,000 <br /> Gateway— Refinancing Debt & Rental Rehab $771,800 $0 <br /> Habitat for Humanity— Homebuyer Assistance $475,000 $134,392 <br /> Rebuilding Together of the Triangle - $150,000 $150,000 <br /> Administration 10% of HOME Funds, per statute $ 37,874 $ 37,874 <br /> Total $1,551,800 $439,392 <br /> 13 <br /> 14 As the chart above shows, all applicants except for the Gateway project received either full or <br /> 15 partial funding. The Gateway application requested debt refinancing and unit upgrades for a <br /> 16 project-based Section 8 apartment complex in Hillsborough and requested more funding <br /> 17 ($771,800) than the Consortium expects to have for all projects for the FY 2022-2023 HOME <br /> 18 Program ($439,392). Discussions with the applicant revealed that partial funding for this project <br /> 19 would not be a viable option, because the debt refinancing must be paired with the renovations. <br /> 20 The applicant asked if partial funding could be guaranteed over a 5-year period, but HOME <br /> 21 funds do not allow for multiyear allocations. Staff is working with this project applicant to pursue <br /> 22 other funding streams to preserve affordable housing resource at Gateway. <br /> 23 <br /> 24 In accordance with HUD requirements and the Orange County Citizen Participation Plan, the <br /> 25 Orange County HOME Consortium must hold a public hearing to obtain residents' comments <br /> 26 and feedback on the draft Annual Action Plan during the public comment period, from April 1 — <br /> 27 May 2, 2022. <br /> 28 <br /> 29 Notice of this public hearing was published in The Herald Sun and La Noficia. Copies of the <br /> 30 draft Annual Action Plan were posted on the Orange County Department of Housing and <br /> 31 Community Development website, and a link to the website and draft plan were circulated by <br /> 32 public notice in the newspapers listed above, as well as email outreach to more than 100 <br /> 33 relevant stakeholders to include local service providers, nonprofit organizations, government <br /> 34 entities, elected officials, and interested residents. <br /> 35 <br /> 36 All comments received during this hearing, and anytime during the public comment period, will <br /> 37 be incorporated into the final Annual Action Plan to be submitted to HUD. Before submitting the <br /> 38 final plan, the Board of Commissioners will consider the approval of the Annual Action Plan and <br /> 39 the FY 2022-2023 HOME Program Design (funding recommendations) later in 2022. The <br /> 40 governing boards for the Towns of Chapel Hill, Carrboro, and Hillsborough are also scheduled <br />