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20 <br /> announced those amounts on May 17, 2022, necessitating this second public hearing on the <br /> proposed FY2022-23 HOME awards with correct funding amounts. Public notice for this second <br /> public hearing was also posted in The Herald Sun and La Noticia. Copies of the revised draft <br /> Annual Action Plan were posted on the Orange County Department of Housing and Community <br /> Development website, and a link to the website and draft plan were circulated by public notice <br /> in the newspapers listed above, as well as email outreach to more than 100 relevant <br /> stakeholders to include local service providers, nonprofit organizations, government entities, <br /> elected officials, and interested residents. Staff will incorporate all comments into the final <br /> Annual Action Plan to be submitted to HUD. <br /> The FY 2022-2023 Annual Action Plan must be submitted to HUD on or before July 17, 2022. <br /> The Board of Commissioners is therefore asked to consider approval of the attached resolution <br /> authorizing submission of the Annual Action Plan (Attachment 2). <br /> FY 2022-2023 HOME Program Activities <br /> For FY 2022-2023, Orange County will receive the following HOME resources: <br /> FY 2022-2023 HOME Funds $ 443,498 <br /> HOME Program Income $ 13,306 <br /> Local Match $ 99,787 <br /> Total $ 556,591 <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 again after actual HOME allocations were announced by HUD <br /> on May 17, 2022. The Collaborative made the following funding recommendations for <br /> consideration by each of the jurisdictions' elected bodies: <br /> Applicant and Project HOME HOME <br /> Request Award <br /> Community Empowerment Fund — Homebuyer $50,000 $90,000 <br /> Assistance <br /> EmPOWERment— Rental Acquisition $ 105,000 $ 105,000 <br /> Gateway — Debt Refinancing and Rental Units $771,800 $0 <br /> Rehabilitation <br /> Habitat for Humanity— Homebu er Assistance $ 475,000 $ 167,241 <br /> Rebuilding Together of the Triangle - Homeowner $ 150,000 $ 150,000 <br /> Rehabilitation/Reconstruction <br /> Administration 10% of HOME Funds, per statute $ 44,350 $ 44,350 <br /> Total $ 1,551,800 $ 556,591 <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 />