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21 <br /> 1 <br /> 2 Two other projects also received a different amount of funding from their application amounts. <br /> 3 The Collaborative members were concerned that the Community Empowerment Fund (CEF) <br /> 4 funding requested of $2,000 per homebuyer would not be a substantive amount for potential <br /> 5 new homeowners in the current housing market climate once these funds will come available for <br /> 6 use starting July 1, 2022, and increased the CEF award amount to $4,000 per homebuyer for 20 <br /> 7 homebuyers (subtotal, $80,000) in addition to the $10,000 in overhead in the original application <br /> 8 (total award, $90,000). After also fully funding the EmPOWERment rental acquisition property <br /> 9 application ($105,000) and the Rebuilding Together of the Triangle homeowner rehabilitation <br /> 10 ($150,000), Collaborative members awarded the balance of available funding ($167,241) to <br /> 11 Habitat for Humanity for down-payment assistance. A summary of each of the above projects is <br /> 12 provided at Attachment 3. <br /> 13 <br /> 14 In accordance with the Orange County HOME Consortium Agreement, approved in May 2011, <br /> 15 the HOME Program Design for each year must be approved by all jurisdictions prior to <br /> 16 submission to HUD. The HOME Program Design is scheduled for approval by the: <br /> 17 • Town of Chapel Hill on June 8, 2022 <br /> 18 • Town of Hillsborough on June 13 2022; and <br /> 19 • Town of Carrboro on June 14, 2022. <br /> 20 <br /> 21 The Board of Commissioners is therefore asked to consider approval of the attached HOME <br /> 22 Program Design Resolution (Attachment 4). <br /> 23 <br /> 24 HOME Program Implementation <br /> 25 After approval of the FY 2022-2023 HOME Program Design by all Consortium participants, <br /> 26 authorization is requested to allow the Orange County Manager, based on the HUD allocation <br /> 27 received, to execute agreements with partnering nonprofit organizations as necessary to <br /> 28 implement the approved HOME Program Design. All agreements will be reviewed and approved <br /> 29 by the County Attorney's Office. <br /> 30 <br /> 31 Corey Root, Housing and Community Development Director, gave the following <br /> 32 PowerPoint presentation: <br /> 33 <br /> 34 Slide #1 <br /> ORANGE COUNTY <br /> HORSING DEPARTMENT <br /> FY2023 HOME Annaa1 Action Plan <br /> Jure 7,2022 <br /> 35 <br /> 36 Slide #2 <br />