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Agenda - 02-07-2023; 8-g - Adoption of Orange County’s HOME-ARP Allocation Plan
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Agenda - 02-07-2023; 8-g - Adoption of Orange County’s HOME-ARP Allocation Plan
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2/2/2023 2:21:57 PM
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BOCC
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2/7/2023
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Business
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Agenda
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8-g
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27 <br /> HOME-ARP Activities <br /> Description of the method for soliciting applications for funding and/or selecting developers, <br /> service providers, subrecipients and/or contractors and whether the Consortium will <br /> administer eligible activities directly <br /> The Consortium will accept applications for HOME-ARP funding from developers and other housing and <br /> service providers beginning in December 2022.The Local Government Affordable Housing Collaborative, <br /> made up of one elected official from each of the four jurisdictions that make up the Consortium (Orange <br /> County,the Towns of Carrboro, Chapel Hill, and Hillsborough), is the group locally tasked with allocating <br /> the Consortium's HOME funds. Similar to the annual award process for the Consortium's regular HOME <br /> funds,the Collaborative will develop a scorecard with which to review HOME-ARP applications and then <br /> make funding recommendations to be approved by the governing boards of each jurisdiction. <br /> Use of HOME-ARP Funding <br /> The Orange County, NC HOME Consortium must indicate the amount of HOME-ARP funding that is planned for <br /> each eligible HOME-ARP activity type and demonstrate that any planned funding for nonprofit organization <br /> operating assistance, nonprofit capacity building, and administrative costs is within HOME-ARP limits. <br /> Funding Amount Percent of Grant Statutory Limit <br /> Supportive Services TBD <br /> Acquisition and Development TBD <br /> of Non-Congregate Shelters <br /> Tenant-Based Rental TBD <br /> Assistance <br /> Development of Affordable $1,165,691 <br /> Rental Housing <br /> Nonprofit Operating TBD 5% <br /> Nonprofit Capacity Building TBD 5% <br /> Administration and Planning $205,710 15% 15% <br /> [Total HOME-ARP Allocation $1,371,401 <br /> How shelter and housing inventory characteristics, service delivery system, and the needs <br /> identified in the gaps analysis provided a rationale for the plan to fund eligible activities <br /> 25 <br />
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