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