Agenda - 04-16-2002 - 9a - Laserfiche WebLink

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` Y 2 This year, funding is being recommended for a new non-profit organization, Affordable Rentals, Inc., a local organization that has a mission of providing "an affordable and suitable place to live for residents of Orange County, NC whose income is between 30%-50% of the area median income." In the interest of full public disclosure, Carrboro Alderman Mark Dorosin is a member of the Board of Directors of Affordable Rentals and serves as Carrboro's elected representative on the HOME Program Review Committee. Chapel Hill Councilman Bill Strom also serves on the Board of Directors of this organization. A public comment period as required by HUD was established for April 9 — May 10, 2002 by notice in the Chapel Hill Herald. Copies of the Annual Update were made available at the Chapel Hill and Orange County Public Libraries. Further, in accordance with the Orange County HOME Consortium Agreement approved in June 1996, as amended, the HOME Program Design for each year must be approved by all jurisdictions prior to submission to HUD. The Program Design is scheduled for approval by Chapel Hill on April 22"d and Carrboro on April 23. Hillsborough approved the program design on April 8th. FINANCIAL-IMPACT: The Orange County HOME Consortium is scheduled to receive approximately $481,000 in federal housing program funding. The required total local government match is $108,225. Orange County's share of the match is $45,455. RECOMMENDATION(S): The Manager recommends that the Board adopt resolutions approving the 2002 Consolidated Housing Plan Annual Update and the proposed HOME Program Activities for 2002-2003. Additionally, the Manager recommends that the BOCC authorize the Manager to implement the HOME Program as approved-by the BOCC including the ability to execute agreements with partnering non-profit organizations after consultation with the County Attorney.