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22 <br /> There are several elements for HOME item <br /> -HOME Overview <br /> FY22-23 HOME Funding application <br /> Process <br /> Annual Action Plan Overview <br /> Public Hearing <br /> nORANGE COUNTY <br /> HOUSING DEPARTMENT <br /> 1 <br /> 2 Slide#3 <br /> Four purposes& four uses of HOME funds <br /> Purposes <br /> Increase the supply of decent,affordable housing to low-Income <br /> households <br /> Expand the capacity of nonprofit housing providers <br /> Strengthen the ability of state and local governments to provide <br /> housing <br /> Leverage private sector participation <br /> Uses <br /> Acquisition of real property, site improvements,&housing <br /> construction <br /> Housing rehabilitation&reconstruction <br /> • Homeownership assistance <br /> Tenant-based rental assistance nORANGE COUNTY <br /> ;► HOUSING DEPARTMENT <br /> 3 <br /> 4 Slide #4 <br /> FY22-23 HOME application process was <br /> similar to previous years <br /> • Project applications due February 25 <br /> Applications were reviewed and scored Local Government <br /> Affordable Housing Collaborative and staff from Towns and <br /> County <br /> Scoring criteria <br /> Income targeting <br /> Vulnerable population(s) <br /> Long-term affordability <br /> Project location relative to services&employment <br /> Leveraging ether funding <br /> Cost effectiveness <br /> Capacity to complete project <br /> Award recommendations made by Collaborative <br /> 5 <br /> 6 Slide #5 <br />