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24 <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 <br /> serves as the lead entity for the Orange County HOME Consortium. The Consortium has <br /> drafted the FY 2022-2023 Annual Action Plan based on the HOME award recommendations <br /> made by the Local Government Affordable Housing Collaborative, detailed below. <br /> The Local Government Affordable Housing Collaborative (the "Collaborative"), comprised of <br /> one (1) elected official and staff members from Orange County and the Towns of Carrboro, <br /> Chapel Hill, and Hillsborough, reviewed the received applications for the FY 2022-2023 HOME <br /> Program on March 3, 2022 and made the following funding recommendations for consideration <br /> by each of the jurisdictions' elected bodies: <br /> Applicant and Project Funding Funding <br /> Requested Awarded <br /> Community Empowerment Fund — Homebu er 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— Homebu er 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 /> As the chart above shows, all applicants except for the Gateway project received either full or <br /> partial funding. The Gateway application requested debt refinancing and unit upgrades for a <br /> project-based Section 8 apartment complex in Hillsborough and requested more funding <br /> ($771,800) than the Consortium expects to have for all projects for the FY 2022-2023 HOME <br /> Program ($439,392). Discussions with the applicant revealed that partial funding for this project <br /> would not be a viable option, because the debt refinancing must be paired with the renovations. <br /> The applicant asked if partial funding could be guaranteed over a 5-year period, but HOME <br /> funds do not allow for multiyear allocations. Staff is working with this project applicant to pursue <br /> other funding streams to preserve affordable housing resource at Gateway. <br /> In accordance with HUD requirements and the Orange County Citizen Participation Plan, the <br /> Orange County HOME Consortium must hold a public hearing to obtain residents' comments <br /> and feedback on the draft Annual Action Plan during the public comment period, from April 1 — <br /> May 2, 2022. <br /> Notice of this public hearing was published in The Herald Sun and La Noticia. Copies of the <br /> draft Annual Action Plan were posted on the Orange County Department of Housing and <br /> Community Development website, and a link to the website and draft plan were circulated by <br /> public notice in the newspapers listed above, as well as email outreach to more than 100 <br /> relevant stakeholders to include local service providers, nonprofit organizations, government <br /> entities, elected officials, and interested residents. <br />